Öl gegen Naturgas Technische Analyse - Öl gegen Naturgas Handel: 2021-10-20

This movement means that oil is getting more expensive and natural gas is getting cheaper. U.S. The Energy Information Administration (EIA) expects to increase natural gas production from shale fields in November 2021 by 257 million cubic feet per day. The EIA also projects an average US natural gas price of $ 5.67 MMBtu (million British thermal units) for the winter period from October 2021 to March 2022. This is slightly above the current level. Starting from the 2nd quarter of 2022, EIA expects gas prices to decline by about 30% to $ 4.01 MMBtu, on average, by the end of next year. This could be facilitated by an increase in production to 96.4 billion cubic feet per day compared to 92.6 billion cubic feet per day this year. The main reason for the current rise in the price of American gas was the increase in LNG (LNG) exports. At the same time, growth in consumption within the United States is expected to be only 2% compared to last year. This forecast contributed to the correction of gas quotes. However, further on, their dynamics will mainly depend on the temperature in winter and the growth rate of production in the United States, as well as on the demand for LNG in Asian countries. The rise in world oil prices was driven by a slow increase in OPEC + production amid the global economic recovery after the coronavirus epidemic. On November 4, OPEC + will increase production by only 400 thousand barrels per day.