EUROPE GAS-European Gas Prices Fall on Stable Supply and Low Demand
Dutch and British wholesale prices of gas ticked down on Monday morning due to a steady supply and mild weather with windy conditions that limited demand. However, fresh sanctions related to Russia remain a downside risk. LSEG data shows that the benchmark Dutch front-month contract was 32.19 euros per Megawatt Hour (MWh) or $11.07/mmBtu at 0843 GMT. This is a decrease of 0.46 Euro. The Dutch day-ahead contracts was down by 0.10 euros at 31.90 Euro/MWh.
Prices for EUROPE GAS are on the decline due to increased wind and LNG supplies
Dutch and British wholesale prices of gas fell on Friday morning, as a higher wind output is expected to begin Monday. Also, the supply of liquefied gas (LNG), was also increasing. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub fell by 0.33 euros to 32.05 Euro per megawatt hour at 0815 GMT. The contract for November was lower by 0.23 euros at 32.94 euro/MWh. The British gas prices for the weekend were down 0.50 pennies at 78.50 penny per therm.
Prices of EUROPE GAS remain stable as the market waits for news about Russian sanctions
The Dutch and British wholesale prices of gas were unchanged on Thursday, despite a weakening demand. Market participants also waited for news about new European sanctions against Russia. LSEG data shows that the benchmark Dutch front-month contract was 33.06 euros per Megawatt Hour (MWh) or $11.43/mmBtu at 0829 GMT. This is a decrease of 0.15 euros. The British gas day-ahead price increased by 0.30 pence to 80.60 pence a therm.
The price of gas in Europe is stuck in a sideways trend due to the lack of a new impetus.
The Dutch and British gas price were not much different on Friday morning. They continued to trade within a narrow range, despite the lack of any news that could affect the market. There was also no change in the overall supply and demand balance. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub fell 0.08 euros, or $11.11/mmBtu to 32.45 Euros per megawatt hour at 0855 GMT. The Dutch day-ahead contracts was up by 0.30 euros to 31.78 Euros/MWh.
Prices for Europe GAS are mixed due to stronger winds and lower Norwegian flows
The Dutch and British wholesale gas price were mixed Tuesday morning, due to higher wind production and lower Norwegian supply. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub at 0831 GMT was up 0.59 euro at 32.25 Euro per megawatt hour. The contract for the day-ahead has dropped by 0.05 euros to 31.75 Euro/MWh. The British gas front-month contract price increased by 0.35 pence to 79.55 cents per therm. However, the day-ahead was down 0.25 cents at 79.00 cents per therm.
EUROPE GAS-Prices Firm on Technical Support, Lower Wind
Dutch and British wholesale prices of gas rose on Monday morning due to technical trading and lower renewable energy output. LSEG data revealed that the benchmark Dutch front-month contracts - now for October – at the TTF hub were up 0.34 Euros at 32.00 Euros per megawatt-hour (MWh) or $11.00/mmBtu by 0842 GMT. The contract for November increased by 0.66 euros to 33.08 euro/MWh. The British gas front-month price rose 0.37 pence, to 78.50 p/therm. The November contract increased by 1.35 p/therm.
Prices for EUROPE-GAS are little changed due to weak demand and Norwegian outages
The wholesale gas prices in the Netherlands and Britain were not much different on Friday morning, as maintenance hit supply in Norway was countered by a sluggish market. LSEG data shows that the benchmark Dutch front-month contract was lower by 0.25 euros, or 10.75 cents per mmBtu at 31.45 Euros per megawatt hour at TTF hub, as of 0822 GMT. The Dutch day-ahead contracts was down 0.05euros at 31.96euros/MWh. The British gas front-month price has dropped by 0.92 pence, to 77.3 pence a therm.
Prices for Europe Gas are little changed due to low demand and Norwegian gas outages
The Dutch and British wholesale prices of gas were not much different early Wednesday, as wind power production limited demand and offset lower supplies from Norway. LSEG data shows that the benchmark Dutch front-month contract was 33.17 euros per Megawatt Hour, or $11.27/mmBtu at 0820 GMT. This is a decrease of 0.08 Euro. LSEG data shows that the Dutch day-ahead contracts was up by 0.02 euros at 33.22 Euro/MWh.
FTSE 100 closes at record high as financial and defence stocks surge
The FTSE 100 closed at a record high in Britain on Thursday. Gains in the financial and defence sectors fueled this, as investors assessed important economic data. The blue-chip index rose for the fourth day in a row, gaining 0.1%. The midcap index fell 0.2%. Investors have responded positively to UK GDP second-quarter figures. These showed that the growth rate slowed down less than expected, despite U.S. tariffs on trade and a weaker job market.
Prices for gas in Europe are lower due to a reduced demand and stockbuild
The wholesale gas prices in both the Netherlands and Britain fell on Thursday morning, amid a stable supply and low power demand. Gas storage was also continuing. LSEG data shows that the benchmark Dutch front-month contract was 32.97 euros per Megawatt Hour (MWh), or $11.35/mmBtu at 0841 GMT. This is a decrease of 0.23 Euro. Earlier trades saw the contract as low as 32.82 Euros/MWh - a level that was last seen on 28th July. The Dutch October contract is down 0.47 euros at 33.53 Euro/MWh.
Prices of EUROPE GAS stable amid unchanged short-term outlook
After some initial gains in the short term, Dutch and British gas wholesale contracts were mostly stable. However, increased competition for LNG could pose a threat. LSEG data show that the benchmark Dutch front-month at TTF hub fell 0.25 euros to 33.80 Euros per Megawatt Hour (MWh) or $11.45/mmBtu at 0909 GMT. The price reached as high as 34.99 euro/MWh during the morning. The Dutch contract for September was down by 0.28 euros at 34.45 Euros/MWh…
BP appoints Albert Manifold chairman amid restructured strategy
BP announced Albert Manifold as its new Chairman on Monday. The company is looking to address investor concerns over its strategy and poor share performance. Manifold has never held a senior role in the energy industry before. He will replace Helge Lind from October, as BP embarks on a major strategic overhaul under persistent takeover or breakup speculation. During Manifold's tenure at CRH its shares nearly fivefolded.
Prices of gas in Europe fall on the back of stronger Norwegian supply and wind power forecasts
The Dutch and British gas wholesale prices fell on Friday as the supply from Norway increased and forecasts of higher wind output next week in Germany curbed demand. LSEG data shows that the benchmark Dutch front-month contract was 34.20 euros per Megawatt Hour (MWh), or $11.67/mmBtu at 0847 GMT. This is a 0.90 euro decrease. The British day-ahead contracts was down 2.85 cents at 82p/therm. In a daily note…
EUROPE GAS-Dutch gas prices and British gas rates range-bound due to strong supply and warm weather
Due to a strong supply of gas and a warm weather forecast, Dutch and British wholesale prices for gas were slightly higher on Thursday morning. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub rose 0.72 euros to 35.10 Euro per megawatt hour (12.06/mmBtu) or $12.06/mmBtu by 0910 GMT. The Dutch day-ahead contracts was up by 0.65 euros at 34.85 Euro/MWh. The British day-ahead contracts was up 1.45 pennies at 83.75 pence/therm.
Prices of gas in Europe are rising as Norwegian supplies increase.
The Dutch and British gas wholesale prices were trading in a narrow band early on Tuesday, as the higher temperatures in Europe restricted heating use. Meanwhile, the cooling demand and low winds generation mainly affected the power market. LSEG data shows that the benchmark Dutch front-month contract was up 0.37 euros at 33.40 Euro per megawatt-hour or $11.55/mmBtu at 0848 GMT. The Dutch day-ahead contract increased by 0.25 euros to 32.38 Euro/MWh.
Millions of Britons will see their energy bills drop as the price cap drops 7%
After Ofgem announced that its domestic price cap will fall by 7% in July to reflect lower wholesale prices, millions of British households can expect lower energy bills. The government is under pressure to ease the cost of living squeeze and this reduction comes as welcome news. Global wholesale energy prices have fallen. "While this is the primary cause, changes in supplier business costs also had an impact on falling energy prices," Ofgem stated in a press release.
The price of EUROPE Gas is rising on the back of cooler temperatures in advance of Russia-Ukraine discussions
The Dutch and British gas price rose slightly on Thursday morning, as demand increased due to the cooler temperatures and market anticipation of news about Ukraine-Russian peace talks. LSEG data shows that the benchmark Dutch front-month contract rose 0.46 euros to 35.21 Euro per megawatt hour or $11.55/mmBtu at 0818 GMT. The Dutch July contract increased by 0.43 euros to 35.33 Euro/MWh. The British day-ahead contracts was up 0.03 pence to 79.03p/therm.
EUROPE GAS - Prices rangebound as market focuses on Russia-Ukraine News
The Dutch and British gas price were not much different on Tuesday morning, as the market awaited news about the Ukraine-Russian peace talks that will be held later this week. Also, warm weather continues to limit demand. LSEG data shows that the benchmark Dutch front-month contract rose 0.18 euros to 35.60 Euro per megawatt hour or $11.59/mmBtu at 0807 GMT. The contract reached 36.25 euro/MWh on Monday, its highest since April 16. This was boosted by the news that the U.S.
EUROPE GAS-Prices remain volatile amid tariff, gas storage target uncertainty
The Dutch and British gas price are not clear on Friday, but they remain close to recent multi-month-lows. This is because the market continues grappling with the effects of the U.S. trade war induced by tariffs on the global economic situation and the EU countries meeting to discuss filling gas storage targets. LSEG data shows that the benchmark Dutch front-month contract fell by 0.02 euros to 33.338 Euro per megawatt hour or $11.13/mmBtu at 0815 GMT.
Prices of EUROPE GAS rise amid economic turmoil
Dutch and British gas rates rose Monday morning, in line with the equities market, after some tariff exemptions were granted for Chinese products supplying tech companies. Milder, windier conditions should also allow for increased gas storage filling. LSEG data shows that the benchmark Dutch front-month contract rose by 0.40 euros to 34.00 euros per Megawatt Hour (MWh) or $11.43/mmBtu at 0826 GMT. The Dutch June contract increased by 0.48 euros to 34.28 Euro/MWh.