- Natural gas prices have risen to seasonal record highs as global gas demand is expanding and supply is not able to keep up.
- The rise of natural gas prices has started to impact crude oil markets. With gas prices at current levels, some analysts believe that oil-fired power generation could increase in Asia.
- 2020 LNG exports drove the U.S. trade balance in energy products to a surplus of $26 billion – the first surplus since at least 1974, according to the EIA and the U.S. Census Bureau's trade value data.
For further details see:
What Is Driving The Rally In Global Gas Prices?