28 April 2024
Pricewatch | 01 Sep 2020 | Gas Matters Today
Publication date: 01 September 2020
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Crude oil prices began to soften on Monday after Hurricane Laura subsided and it emerged that US Gulf Coast oil production and export facilities avoided major disruptions. US crude benchmark WTI yesterday fell 0.8% to close at USD 42.61/barrel. The Brent crude front month rolled over into the November contract, which fell 1.2% to close at USD 45.28/barrel. This price represents a 0.5% premium on the final closing price of the October contract.
The major global natural gas prices were stable in Monday’s session, with US Henry Hub falling 1% to USD 2.63/MMBtu, Dutch TTF gaining 0.6% to USD 3.93/MMBtu and UK NBP unchanged due to the UK bank holiday. CME’s JKM futures were also unchanged.
The European carbon price fell from Friday’s high of EUR 29.50/tonne, with the month-ahead futures contract for ETS carbon allowances (EUAs) losing 2.9% to hit EUR 28.64/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.