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LNG Slump Seen Close to End as Price Collapse Stimulates Demand

From bnnbloomberg.ca

Liquefied natural gas prices may be about to hit the bottom after losing more than a third of their value this year. Sellers of the world’s fastest-growing fossil fuel may first have to swallow a cut of another 10 percent over the next two months before prices rebound from the lowest since July 2017, according to traders surveyed by Bloomberg News. It might be good news for the climate, as price-sensitive users in India and Bangladesh switch to cleaner natural gas from oil and coal. Asia, the biggest consuming region for LNG, uses most of it for heating and power but a mild winter, an abundance of new supplies and a ... (full story)

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  • Category: Fundamental Analysis