18 May 2024
Pricewatch | 25 Aug 2020 | Gas Matters Today
Publication date: 25 August 2020
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European gas prices surged on Monday, with the front-month Dutch TTF and UK NBP both settling over 10% higher to start the week. The uptick was largely due to reduced pipeline exports from Norway, with planned maintenance reducing flows to Europe.
As for prices in the US, gas benchmark Henry Hub continued to rally, with the month-ahead price settling 2.7% higher. CME’s JKM futures contract also rallied, closing 5.4% higher.
Crude, coal and carbon prices mirrored the gains on the gas hubs. Brent crude closed 1.8% higher, with WTI up 0.7%. The API2 coal price closed marginally higher, with the European carbon price posting gains of 7.1%.
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.