Natural gas prices on both sides of the Atlantic fell hard on Monday, with European hubs outpacing losses on US benchmark Henry Hub. UK NBP lost 9% to settle at the equivalent of USD 1.55/MMBtu and Dutch TTF fell 7.5% to USD 1.59/MMBtu. Henry Hub fell 4.5% to USD 1.64/MMBtu.
The front month for CME’s JKM futures yesterday rolled over into the September contract, which fell marginally to USD 2.45/MMBtu in the session. This price represents a premium of 13.2% on the final closing price of the August contract.
Crude oil prices remained steady on Monday, as Brent gained 0.3% to hit USD 43.28/barrel and US benchmark WTI rose 0.5% to USD 40.81/barrel.
The European carbon price dipped again on Monday, as the month-ahead futures contract for ETS carbon allowances (EUAs) lost 5.9% to close at EUR 26.09/tonne.
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.