25 May 2024
Pricewatch | 18 Dec 2020 | Gas Matters Today
Publication date: 18 December 2020
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European gas prices continued to dive on Thursday amid ample supply and softening demand, with month-ahead UK NBP and Dutch TTF falling by 2.5% and 2% to close at the equivalent of USD 6.22/MMBtu and USD 5.73/MMBtu, respectively. The loss was mirrored on the other side of the Atlantic, as US gas benchmark Henry Hub fell 1.5% to close at USD 2.64/MMBtu.
Crude prices continued to climb on Thursday with Brent settling at USD 51.50/barrel and WTI closing 1.1% higher to hit USD 48.36/barrel. The European carbon price stopped the rot after a stumble on Wednesday, with ICE’s front month EU allowance (EUA) contract closing 0.6% higher on Thursday.
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.