14 May 2024
Pricewatch | 17 Aug 2020 | Gas Matters Today
Publication date: 17 August 2020
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US and European gas hubs gained greater upward momentum on Friday. UK NBP rose 8.4% to close at USD 2.89/MMBtu and Dutch TTF soared 9.7% to USD 2.79MMBtu, while Henry Hub gained 8% to hit USD 2.36/MMBtu. CME’s JKM futures again registered marginal gains of 0.5%.
Brent crude dipped further below USD 45/barrel at the end of the week on lingering concerns around softness of global oil demand. Brent and WTI both fell less than 1% to close at USD 44.80/barrel and USD 42.01/barrel, respectively.
The European carbon price found support after four consecutive loss-making sessions, as the month-ahead futures contract for ETS carbon allowances (EUAs) gained 0.2% to close at EUR 25.42/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.