25 April 2024
Pricewatch | 9 Oct 2020 | Gas Matters Today
Publication date: 09 October 2020
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Crude oil prices jumped on Thursday on news of a potential prolonged outage on some of Equinor’s Norwegian platforms due to industrial action, combined with Gulf of Mexico shut-ins ahead of the arrival of Hurricane Delta. Brent closed yesterday up 3.2% at USD 43.34/barrel and WTI gained 3.1% to USD 41.19/barrel. Both month-ahead contracts were trading down marginally on Friday morning.
US gas benchmark Henry Hub fell 0.8% to USD 2.63/MMBtu. European hubs NBP and TTF gained 0.3% and 1.4% to close at the equivalent of USD 5.01/MMBtu and USD 4.79/MMBtu, respectively. CME’s November-dated JKM futures contract rose 0.4% to USD 5.11/MMBtu.
The European carbon price relinquished recent gains, as month-ahead ETS allowance (EUA) futures fell 2.1% to close at EUR 26.33/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.