why Gas Prices going down/Oil

any Idea of world gas prices going down? why is that? is it only relevant to US? what is the situation of world Gas Prices ? especially public using for cooking ?

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Mainly as most of the traders don't have a clue, a bit like most stock traders. Take a look at the average stock traders profits, may as well go for penny shares. Some get lucky with an approach that lasts a cycle or if they are lucky two cycles then they go down hill.

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2 hours ago, Udara Hemachandra said:

any Idea of world gas prices going down? why is that? is it only relevant to US? what is the situation of world Gas Prices ? especially public using for cooking ?

Natural gas prices are being pushed down due to a forecasted mild winter in the Western North Pacific; the nations of China, Korea and Japan will likely not be using much gas this winter for heating.  A lot of gas has been produced and gas storage is getting full.  Meanwhile there are LNG tankers sitting off Singapore waiting for the charterers to find the product a home.  That potential for instant delivery pushes down the price of new product, as traders keep in mind that the fellows sitting on the LNG loads on ship are paying a very steep charter price for those ships, reportedly now up to an astronomical $85,000 a day.  So you have gas coming in from producers into the spot market and no purchasers,  and the producers start competing with each other to see who will drop out of the market first.  

Meanwhile, the Russians are not being blocked out of the German market as of yet, the Germans continue with their fantasy that buying Russian gas will somehow mollify Putin and reduce his aggressive behavior.  That is a German fantasy, of course, but it is an enduring one. Russia is whoring the market,  pushing out its gas to grab market share, hang on to the European market, and pick up cash wherever it can.  Russia is having cash-flow problems meeting its government needs, specifically in areas of pension payments including military pensions. 

The further prospect of US Permian gas coming onto market is sobering.  The US problem is insufficient pipe capacity to reach Eastern Seaboard population markets, specifically Boston.  It could be alleviated by the Boston providers buying gas and shipping it in via LNG tanker, which would work nicely, but there is this antique law in the USA called the "Jones Act" that prevents any shipments between adjacent ports (in this case, Louisiana and Boston) in a foreign vessel.  As there are no US-flag LNG carriers  (the USA does not have the shipyard capacity to build them), the result is that US gas does not ship between US States and Cities by seaship.  Boston then has to buy Russian gas.  

Note:  I am NOT a gas trader and am only giving you a big-picture market overall.  Individual gas trades require much more expertise than I have.  Hope this points you in the right direction, as a primer.  Cheers.

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China

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