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. The British gas price for the month ahead fell by 1.28 pence, to 79.15 p/therm. Meanwhile, the price for today dropped by 1 pence, to 78.8 p/therm.
Schedule for US Energy Data in the week of August 31
Labor Day, which falls on September 1, will impact the schedule for the release of major energy data during the week ending August 31. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. API's Weekly Petroleum Stocks Report will be delayed until Wednesday, September 3, at 4:30 pm EDT (2030 GMT). The report would normally be released on Tuesday. The EIA will release its weekly report on natural gas stocks as usual, Thursday, September 4, at 10:30 am EDT (1430 GMT). The EIA will delay its weekly report on crude oil, gasoline, and distillate stocks until Thursday, September 4, at 12 noon EDT (1600 GMT).
Schedule of US Energy Data for the week ending June 15,
The release of major energy data scheduled for the week ending June 15 will be affected by the Juneteenth federal holiday, which falls on Thursday June 19. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. The API will release its weekly petroleum stock report as usual, on Tuesday 17th June at 4:30 pm EDT (2030 GMT). The EIA will release its weekly report on crude oil, gasoline, and distillates as usual, Wednesday, June 18, at 10:30 am EDT (1430 GMT). The EIA will release its weekly report on natural gas stocks one day early, on June 18, at 12 noon EDT (1600 GMT).
Prices for Europe GAS remain stable with focus on Norway storage and supply
The wholesale gas prices in the Netherlands and Britain were not much different on Friday morning, as maintenance work in Norway continues to limit supplies. Also, the need to replenish European storage sites is still a major factor. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub increased by 0.20 euro to 36.50 Euro per megawatt hour at 0840 GMT. The British day-ahead contract increased by 1.50 pence, to 87.50 pence per therm. LSEG data revealed that the latest weather forecast predicted a temperature increase in North-West Europe next week.
The price of gas in Europe is falling amid strong wind output
The Dutch and British wholesale prices of gas fell on Wednesday after increasing the previous day, as stronger wind production offset lower solar output, and supply was stable. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub fell by 0.20 euros to 35.80 Euro per megawatt hour at 0747 GMT. The British front-month contracts was 0.61 pence less at 83.29 cents per therm. The total Norwegian exports have remained flat, but the gas processing plant Kollsnes will begin another maintenance shutdown tomorrow. This will affect 40 million cubic meters per day.
Schedule for US Energy Data in the week of May 25
The Memorial Day federal holidays on May 26 and May 26th will impact the release schedule for some major energy data that is scheduled to be released during the week of May 25. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. API's Weekly Petroleum Stocks Report will be pushed back to Wednesday, 28th May at 4:30 pm EDT (2030 GMT). Normally, the report is released on Tuesday. The EIA will release its weekly report on natural gas stocks as usual, Thursday, May 29, at 10:30 am EDT (1430 GMT).
Gas stocks in Europe could be more stressed this summer due to less hydro and wind.
The wind speed and lower hydropower stock in Northwest Europe could increase demand for gas-fired and coal-fired electricity generation this summer, at a moment when Europe needs to replenish storage that has been depleted following the winter. LSEG data revealed that hydro levels and snowpack are now well below the average levels in continental Europe. They were also much lower than those recorded in 2024. Meanwhile, gas demand is on the rise year-on-year. In recent months, Europe's gas consumption has increased due to weak wind speeds. Low snow levels are expected in the Alps this spring and summer.
German gas storage operators criticise EU plan for implementation
INES, the industry lobby of Germany's gas storage laws, said that a draft proposal to amend Germany's law on gas storage to align it with European Union regulations and to fill up to the desired level could be unfair to certain operators. It may even reduce supplies. Germany is the largest gas consumer in Europe and has the most underground storage. It can fill caverns to a quarter with its annual consumption. Its efforts to implement rules on storage have an impact across all markets in the EU. INES criticized Germany's plan to require 80% filling of gas stocks by November 1, when six facilities were given an individual target of 45%.
After US tariff pause, prices of gas in Europe rebounded
The prices of Dutch and British gasoline rebounded Thursday, after U.S. president Donald Trump announced a 90-day suspension on tariffs on many trading partners. LSEG data shows that the benchmark Dutch front-month contract increased by 1.5 euros, to 34.70 Euros per megawatt hour or $11.21/mmBtu at 0818 GMT. LSEG data show that the contract reached a low intraday of 32.50 euro/MWh on Wednesday. This was its lowest level since July 2024. The Dutch June contract increased by 2.31 euros to 35.91 Euro/MWh. The British day-ahead contracts was up by 2.4 pence to 85.15p/therm.
British stocks plunge in worst day for 2020 as US-China Trade War intensifies
Investors avoided risky assets on Friday after China's retaliatory duties against the United States raised fears of a global economic recession. The blue-chip FTSE 100 reached a three-month-low, down almost 5% – its biggest daily drop since March 2021, when the world markets plummeted due to COVID-19. The midcap index fell 4.4% and closed at a record low of 16 months. Investors rushed to government bonds and sold stocks, causing the blue chip index and midcap index to see their largest weekly declines in 5 years. The trade war between two of the world's largest economies intensified when, currently facing tariffs of 54% on its exports to the U.S.
Schedule for US Energy Data in the week of February 16
The Presidents Day federal holidays on Monday, February 17, will impact the release schedule for some major energy data that is scheduled to be released in the week of February 16. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. API's Weekly Petroleum Stocks Report will be pushed back to Wednesday, Feb. 19th at 4:30 pm EST (2130 GMT). The report is usually released on Tuesday. The EIA will release its weekly report on natural gas stocks as usual, Thursday, February 20, at 10:30 am EST (1530 GMT).
Maguire: Recovering wind power may cool Europe's hot gas market
The wind-powered electricity produced in Europe in January 2024 was down by more than 7%, denying regional power producers a vital source of clean energy just as the demand for heating reached its peak. This wind shortage triggered an increase in Europe's natural gas-based electricity generation to its highest level in three years. It also supported a rally which has driven benchmark regional gas prices up by more than 15% this year. Models of wind forecasts now predict a recovery in regional production. This should lift overall electricity generation in Europe in the coming weeks and could set the stage for lower gas prices and usage.
Prices of EUROPE GAS rise to two-year-highs due to cold storage withdrawals
Dutch and British wholesale prices of gas rose on Monday to levels not seen in the past two years, as colder temperatures increased demand and storage withdrawals increased. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was up by 2.22 euros, at 58.20 Euros per Megawatt Hour (MWh), at 0902 GMT. This is the highest level seen since February 2023. The Dutch April contract increased by 2.49 euros to 58.03 Euro/MWh. The front-month contract in Britain rose 5.34 pence to 141.45p/therm. This is also a new two-year record.
Russell: Europe imports more LNG as it draws cargoes out of Asia.
In January, the world's imports will reach their highest level in a single year as Europe's winter demands draw cargoes from Asia's top consumer region. According to commodity analysts Kpler, a total of 38.12 millions metric tons super-chilled gasoline is expected to be imported by January. This represents an increase from the 37.69 in December, and the highest since January 2024, when 38.73 was imported. The volume of LNG imports in January is the third highest ever recorded, highlighting the rapid growth in LNG imports due to the new supply coming online and the desire by Europe to replace Russian pipeline natural gas.
Russell: Europe imports more LNG as it draws cargos from Asia
In January, the world's imports will reach their highest level in a single year as Europe's winter demands draw cargoes from Asia's top consumer region. According to commodity analysts Kpler, a total of 38.12 millions metric tons super-chilled gasoline is expected to be imported by January. This represents an increase from the 37.69 in December, and the highest since January 2024, when 38.73 was imported. The volume of LNG imports in January is the third highest ever recorded, highlighting the rapid growth in LNG imports due to the new supply coming online and the desire by Europe to replace Russian pipeline natural gas.
IEA: Global gas markets will remain tight due to rising demand
LONDON (Jan. 21) - The global natural gas market will remain tight in 2019 as the demand for gas increases and production grows slower than it did before the energy crises of 2022 and 2020-2021. This was revealed by a report released on Tuesday by the International Energy Agency. Political factors have exacerbated the volatility of gas prices, including the uncertainty surrounding the energy policy of U.S. president Donald Trump and possible disruptions of Middle Eastern supply. The European Union has not yet experienced a shortage of gas due to the shutdown of Russian gas supplies via Ukraine…
Schedule for US Energy Data in the Week of Jan. 19, 2019.
Some major energy data that were scheduled to be released in the week of Jan. 19 will not be released due to the Martin Luther King holiday, which falls on Jan. 20. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. WEEK OF JAN. API's Weekly Petroleum Stocks Report will be delayed until Wednesday, January 22 at 4:30 pm EST (2130 GMT). Normally, the report is released on Tuesday. EIA will release its weekly report on natural gas stocks as usual, Thursday, January 23 at 10:10 a.m. (EST) (1530 GMT).
EUROPE GAS-Prices
The Dutch and British wholesale gas price continued to decline on Tuesday morning due to the milder weather forecasts next week, high winds speeds and stable supplies. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was 46.65 euros per Megawatt Hour (MWh) as of 0947 GMT. This is a decrease of 0.61 euros. The contract for the month of March is down by 0.52 euros at 46.63 euro/MWh. The front-month contract in Britain fell by 2.04 pence, to 116.76 cents per therm. LSEG data shows that despite another cold snap being forecast for north-west Europe from Friday through the weekend, temperatures are expected to be milder than yesterday, Jan. 15.
Prices for gas in Europe are not much different despite the cold weather forecast
Analysts said that the Dutch and British wholesale prices of gas were not much different on Thursday, but could rise due to forecasts for colder weather conditions and reduced wind speeds. By 0922 GMT, the benchmark front-month contract for the Dutch TTF hub had fallen by 0.10 euros to 46.41 Euro per megawatt hour or MWh (or $14.60/mmbtu). The Dutch day-ahead contract fell 0.20 euros, to 46.40 Euros/MWh. The day-ahead contract in Britain fell 1.15 pence, to 115.27 pence per therm. Ulrich Weber, LSEG analyst, says that a significant increase…
Holiday schedule for US Energy Data
Thanksgiving Day, which falls on Thursday November 28, will impact the schedule for the release of major energy data during the week of Nov. 24. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. As per usual, API will release its weekly report on petroleum stocks on Tuesday, November 26 at 4:30 pm EST (2130 GMT). The EIA will release its weekly report on crude oil, gasoline, and distillate stocks as usual, Wednesday, November 27 at 10 a.m. (EST) (1530 GMT). The EIA will release its weekly report on natural gas stocks one day early, on Wednesday, November 27 at 12 noon EST (1700 GMT).