04
Nov
2020

Pricewatch | 4 Nov 2020 | Gas Matters Today

Only Subscribers can read the full Article

Crude oil prices continued rising before and after US voters went to the polls, with Brent and WTI today opening more than 2% higher after yesterday gaining 1.9% and 2.3% to close at USD 39.71/barrel and USD 37.66/barrel, respectively. Brent bounced earlier today and market sentiment remains febrile and after US president Donald Trump contentiously claimed victory in the ballot and alleged “fraud” before vote counting was complete, with the world anticipating a long wait for a clear result.

US gas benchmark Henry Hub’s front month contract fell 5.7% yesterday to USD 3.06/MMBtu, while European hubs NBP and TTF diverged slightly. CME’s December-dated JKM futures contract lost another 1.7% to close at USD 6.80/MMBtu, a two-week low.

The European carbon price made strong gains, as month-ahead ETS allowance (EUA) futures rose 3% to close at EUR 24.38/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.

Contact the editor:

Sebastian Kennedy
[email protected]

Subscription Benefits

Our three titles – LNG Business Review, Gas Matters and Gas Matters Today – tackle the biggest questions on global developments and major industry trends through a mixture of news, profiles and analysis.

LNG Business Review

LNG Business Review seeks to discover new truths about today’s LNG industry. It strives to widen market players’ scope of reference by actively engaging with events, offering new perspectives while challenging existing ones, and never shying away from being a platform for debate.

Gas Matters

Gas Matters digs deep into the stories of today, keeping the challenges of tomorrow in its sights. Weekly features and interviews, informed by unrivalled in-house expertise, offer a fresh perspective on events as well as thoughtful, intelligent analysis that dares to challenge the status quo.

Gas Matters Today

Gas Matters Today cuts through the bluster of online news and views to offer trustworthy, informed perspectives on major events shaping the gas and LNG industries. This daily news service provides unparalleled insight by drawing on the collective knowledge of in-house reporters, specialist contributors and extensive archive to go beyond the headlines, making it essential reading for gas industry professionals.

Did you know that your Internet Explorer Browser is out of date?

Your MS Internet Explorer browser is out of date, and will not be fully compatible with our website. For best browsing experience we recommend that you upgrade your IE browser to a more recent version or use an alternative, more recent browser.