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Market Impact: 0.55

Asian Gas Prices Rise to Highest Since March on Mideast Tensions

NGS
Geopolitics & WarEnergy Markets & PricesCommodities & Raw Materials

Asian LNG prices rose to the highest since late March as renewed Middle East hostilities intensified fears that Strait of Hormuz shipping disruptions will persist longer. The escalation raises near-term supply risk and supports higher gas benchmarks for the region.

Analysis

Asian LNG prices rose to the highest since late March as renewed Middle East hostilities intensified fears that Strait of Hormuz shipping disruptions will persist longer. The escalation raises near-term supply risk and supports higher gas benchmarks for the region.

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Market Sentiment

Overall Sentiment

mildly negative

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-0.25

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NGS-0.30