18 May 2024
Pricewatch | 01 Feb 2021 | Gas Matters Today
Publication date: 01 February 2021
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European gas prices fell on Friday amid expectations of ample supply. The front-month Dutch TTF and the month-ahead UK NBP contracts rolled over into the March contract on Friday, with the NBP contract falling 8.8% on the final closing price of the February-dated contract. The March-dated TTF contract fell 5.1% on the closing price of February-dated contract.
US natural gas benchmark Henry Hub continued to fall, with the month-ahead contract settling 3.8% lower to close in the USD 2.5/MMBtu range for the first time since 19 January. CME’s JKM futures contract showed a marginal gain of 0.2%.
Crude prices were once again largely unchanged. The month-ahead WTI contract closed 0.3% lower, remaining in the USD 52/barrel range. The front-month Brent contract closed 0.6% higher, remaining in the USD 55/barrel range.
The European carbon price fell back into the EUR 32/tonne range for the first time since 20 January after recording a 3% loss.
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.