29 March 2024
Pricewatch | 22 Jun 2020 | Gas Matters Today
Publication date: 22 June 2020
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
Crude oil prices continued edging higher on Friday, as front-month Brent rose 1.6% to USD 42.19/barrel and US benchmark WTI gained 2.3% to hit USD 39.75/barrel, marking a return to weekly gains for both crude price indicators. Brent and WTI extended their gains into early Monday trading on strong OPEC+ compliance and falling crude inventories at Cushing, Oklahoma.
US and European gas hubs rose more quickly than Asian LNG spot price on Friday, with front-month Henry Hub rising 1.9% to USD 1.67/MMBtu, UK NBP rising 2.8% to the equivalent of USD 1.78/MMBtu and Dutch TTF rising 3% to USD 1.84/MMBtu. CME’s JKM futures gained less than 1% to hit USD 2.22/MMBtu.
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.