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).
Prices fluctuate in Europe due to colder weather forecasts despite constant Russia flows
Dutch and British wholesale gas prices fluctuated Monday morning due to colder weather forecasts, a decrease in Norwegian supplies and stable Russian gas flows through Ukraine. However, more LNG cargoes were heading towards Europe. LSEG data shows that the benchmark front-month contract traded at the Dutch TTF Hub at 45.90 Euro per megawatt hour at 1007 GMT, after fluctuating between losses and gains in the morning. After Austria's OMV informed Russia's Gazprom that it would stop its gas deliveries, the price of gas in Austria hit 47.15 Euros/MWh intraday on Friday. This was its highest level since November 24, last year.
Prices for EUROPE GAS are near their highest levels in a year due to supply concerns and storage drawbacks
Dutch and British wholesale gas prices were roughly flat on Friday, near their one-year-highs. Profit-taking was offset with ongoing concerns about Russian supply as well as cold weather reducing gas stocks. LSEG data show that the benchmark contract for the first month at TTF's Dutch hub fell by 0.60 euro to 45.75 Euros per Megawatt Hour by 0930 GMT. It reached 46.35 euro/MWh intraday on Thursday, its highest intraday since November 24 of last year. The Dutch day-ahead contracts eased by 0.35 euro to 45.60 Euro/MWh. The British day-ahead contract fell 0.25 pence to 116.50 pence per thermo, whereas the front-month contract rose 0.46 pence to 115.75 p/therm.
Holiday schedule for US Energy Data
Veterans Day, which falls on Monday 11th November, will impact the schedule for the release of major energy data during the week beginning Nov. 10. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. WEEK OF 10 NOV. API's Weekly Petroleum Stocks Report will be delayed until Wednesday, November 13 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, November 14 at 10 a.m. (EST) (1530 GMT). The EIA will delay its weekly report on crude oil, gasoline, and distillates until Thursday, November 14 at 11:00 a.m.
Holiday schedule for US economic and other data
The Columbus/Indigenous Peoples Federal Holiday on Monday, October 14, will affect the release of major economic, energy, and commodities reports during the week of Oct. 13. Treasury Department will announce the release date of the Monthly Budget in October. Due to reporting requirements for the end of fiscal year, the September report was delayed. The schedule is below. The times are in EDT/GMT. Certains Treasury announcements may change. Columbus/Indigenous Peoples holiday. Bond markets, Federal Reserve, International Monetary Fund and federal government offices are closed. Stock markets are open. Treasury Dept. Treasury Dept. The U.S.
The price of gasoline in Europe is rising due to concerns about Middle East tensions
Dutch and British wholesale prices of gas edged up on Monday morning due to concerns about the Middle East conflict escalation. Israel is increasing its attacks on Lebanon and Yemen. However, strong storage inventories limited further upside potential. LSEG data show that the benchmark front-month contract for the Dutch TTF Hub was up 0.77 euros at 38.88 Euros per Megawatt Hour (MWh), which is $12.68 mmBtu by 0823 GMT. The contract for November was up by 0.50 euros, at 39.15 Euro/MWh. The front-month contract on the British market was 1,76 pence more expensive, at 39.50 cents per therm.
Japan's LNG stocks are above the 5-year average and buyers want more cargoes
The data showed that the liquefied gas stocks held by Japan's major electric utilities increased 14% from the previous week to 2,09 million tons on Sept. 8. This is above the average five-year figure for this time of year. Rystad Energy's analyst stated that buyers wanted to buy more cargoes in September due to the forecast of temperatures above average until early October, especially for Japan and South Korea. Japan, second largest LNG buyer in the world after China, relies mainly on long-term LNG contracts but also uses the spot market to meet peak demand for LNG during cold and hot weather.
