2 May 2024
Pricewatch | 21 Dec 2020 | Gas Matters Today
Publication date: 21 December 2020
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Oil prices continued to climb on Friday, however prices started to collapse on Monday as a new strain of Covid-19 sweeping the UK raised concerns over a hit to crude demand. Both Brent and WTI settled 1.5% higher on Friday, with Brent closing at USD 52.26/barrel.
European gas prices continued to fall amid ample supply and softening demand, with month-ahead UK NBP and Dutch TTF falling by 0.01% and 0.03% to close at the equivalent of USD 6.20/MMBtu and USD 5.70/MMBtu, respectively. US gas benchmark Henry Hub staged a recovery, closing 2.4% higher to hit USD 2.70/MMBtu. Asian spot LNG marker JKM settled at USD 9.66/MMBtu as the front-month rolled over to February, with the February price falling USD 0.455/MMBtu day-on-day.
The European carbon price returned to the EUR 30/tonne range after hitting an all-time high earlier in the week.
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.