15
Jan
2021

Pricewatch | 15 Jan 2021 | Gas Matters Today

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European gas prices continued to fall on Thursday amid expectations of milder weather for the region. Front-month UK NBP and Dutch TTF closed 2.7% and 0.8% lower respectively to settle at the equivalent of USD 8.64/MMBtu and USD 7.60/MMBtu, respectively.

CME’s month-ahead JKM price stabilised on Thursday, closing unchanged from Wednesday when the price settled 5.7% lower. US natural gas benchmark Henry Hub recorded a loss for a second consecutive day, falling 2.2% to settle at USD 2.67/MMBtu.

Crude prices continued to fluctuate, with the front-month Brent and WTI rising by 0.6% and 1.2% respectively. The price increase was driven in part by US president-elect Joe Biden announcing plans for a USD 1.9 trillion stimulus package to help revive the US economy from the Covid-19 pandemic.

The European carbon price fell for a second day, closing 0.4% lower on Thursday.

Front-month futures and indexes at last close with day-on-day changes (click to enlarge):

Time references based on London GMT. Brent, WTI, NBP, TTF and EU CO2 data from ICE. Henry Hub, JKM and API2 data from CME. Prices in USD/MMBtu based on exchange rates at last market close. All monetary values rounded to nearest whole cent/penny. Text and graphic copyright © Gas Strategies, all rights reserved.

Contact the editor:

Eric Thorp
[email protected]

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