26 June 2024
Pricewatch | 25 Jan 2021 | Gas Matters Today
Publication date: 25 January 2021
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
Crude prices took a tumble on Friday, with the front-month WTI and Brent prices closing 1.6% and 1.2% lower respectively to end the week. The loss was attributed to fresh Covid-19 restrictions in China, which is seen as weighing on crude demand in the world’s largest oil importer.
European gas prices staged a recovery on Friday, with front-month UK NBP and Dutch TTF closing 6% and 7.5% higher respectively. US natural gas benchmark Henry Hub continued to fall, with the month-ahead price settling 1.8% lower to close at USD 2.45/MMBtu.
CME’s JKM futures contract rallied by 4.4% to settle at USD 8.86/MMBtu to end the week.
The European carbon price showed a marginal gain of 0.4% to close at EUR 34.15/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.