30 April 2024
Pricewatch | 6 Jul 2020 | Gas Matters Today
Publication date: 06 July 2020
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UK and European natural gas hubs diverged further on Friday, as front-month NBP lost another 1.7% to hit the equivalent of USD 1.89/MMBtu and Dutch TTF gained 1.5% to close at USD 1.99/MMBtu. NBP closed the week down 5.4%, while TTF gained 3.3% last week. US benchmark Henry Hub and CME’s JKM were both unchanged on Friday.
Crude oil prices softened slightly on Friday, as global benchmark Brent fell 0.8% to USD 42.80/barrel and US benchmark WTI lost 1% to close at USD 40.24/barrel, respectively. Brent and WTI thus closed the week up by 2.6% and 1.4%, respectively.
The European carbon price hit EUR 27.85/tonne after ETS allowances (EUAs) gained 3% on Friday, up 4.9% on the week.
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.