Gas shock overtakes oil as LNG supply strains global markets: by Oil & Gas 360

What: A global gas shortage has led to a surge in prices, surpassing oil prices for the first time in over a decade.
Why: LNG supply constraints and increased demand from Asia have driven the price increase.
Signal: Gas prices have risen by 30% in the past quarter, while oil prices have increased by 20%.
Target: Analysts predict that gas prices could reach $15 per million British thermal units (MMBtu) by the end of Q2 2026.
Risk: A prolonged gas shortage could lead to economic instability and increased inflation, particularly in regions heavily reliant on gas for power generation.