The global gas glut could reach multi-decade highs in the coming years, Morgan Stanley says
Publishing timestamp: 2024-04-02 09:07:04
Summary
Natural gas prices have plunged due to oversupply after a warmer-than-expected winter, leading to record expansion in LNG capacity. Lower prices could benefit countries like Europe, India, and Southeast Asia, while demand may pick up from second-tier and emerging players like China.
Sentiment: NEUTRAL
Keywords: environment, markets, business news, natural gas (mar'23), breaking news: markets, morgan stanley, commodity markets, energy, oil and gas,