11 May 2024
Pricewatch | 2 Oct 2020 | Gas Matters Today
Publication date: 02 October 2020
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
Crude prices slide on Thursday amid concerns over rising Covid-19 cases globally, which are expected to hit oil demand. The front-month WTI price settled in the USD 38/barrel range for the first time since 15 September, with the price dipping as low as USD 37.61/barrel during trading. November dated Brent closed marginally lower, settling at USD 40.93/barrel.
European gas prices also fell, with the UK NBP and Dutch TTF front-month prices settling 0.9% and 0.6% lower respectively. On the other side of the pond, US gas benchmark Henry Hub remained unchanged. CME’s November-dated JKM futures contract recorded a marginal loss, to settle at USD 5.04/MMBtu.
The European carbon price also recorded a loss, as month-ahead ETS allowance (EUA) futures fell 1.6% to close at EUR 26.49/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.