Excess production, depressed demand, and weak prices: this sums up the natural gas market right now even better than it sums up the oil market. Unfortunately, with the China coronavirus outbreak on track to become global, things for gas may well get worse before they get better. And while oil is suffering, at least it’s got a cartel to attempt to balance things out. Gas doesn’t, putting it at an even greater disadvantage. The global oversupply of natural gas is nothing new. A combination of new LNG and pipeline capacity and milder winters in some parts of the world combined to tip the market into oversupply that persists to date. However, demand has been worsening thanks to the outbreak that some are already calling a pandemic in the making. As a result, gas prices in Europe, Asia and the United States are falling. In Europe, the benchmark has lost […]