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Gas market state of play in 5 charts
In our last gas market ‘state of play’ update we flagged a nascent recovery in global commodity prices from Mar 2024 supporting a gas price rally after a winter slump. The commodity price rally has waned in Q3, given growing fears of a global economic slowdown. Benchmark European (TTF) and Asian (JKM) gas prices have however remained relatively strong. The path from here will be influenced by whether the current economic slowdown is temporary or develops into a full-blown recession. Demand concerns are growing across key commodity markets including oil, coal, copper & iron ore and the gas market is not ... (full story)