Commodity Market Report
LNG short-term outlook: May 2023
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Global gas prices plunged in May. European gas demand has failed to respond so far, particularly in the industrial sector, propelling prices into the $7-8/mmbtu range. Demand in emerging markets has already started to respond to declining prices – India, Thailand, Pakistan and smaller Southeast Asian markets. However, above-average storage levels and mild temperatures in Japan and Korea have kept LNG demand and the need for injection muted. China’s GDP growth rebounded in Q1 but growth in industrial sector remains below expectations.
Table of contents
- Market prices hit a 2-year low, desperately seeking some tangible demand response
Tables and charts
This report includes the following images and tables:
-
Updated: 31 May 2023
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global product markets short-term outlook May 2023
Monthly global commodity market reports and global product-by-product supply- demand balance with stock forecasts and a net trade forecasts
$1,900
Commodity Market Report
Global product markets short-term outlook May 2022
Monthly global commodity market reports and global product-by-product supply- demand balance with stock forecasts and a net trade forecasts
$1,900
Commodity Market Report
Macro Oils short-term outlook May 2020
Low demand, plunging production and pressure on storage. But for all the changes, our price forecast for Brent remains largely the same.
$2,000
