Three chemical plants to be closed by Ineos due to high energy costs
Ineos, the company owned by Jim Ratcliffe, announced on Tuesday that it was halting production at three chemical plants located in Hull. The reason given for this decision is because of the high European gas prices, which have made production too expensive. Since the energy crisis caused by the Russian invasion of Ukraine, and the Middle East conflict compounded it?, European manufacturers have had to struggle to compete with U.S. The company stated that the three plants employ nearly 4…
EUROPE GAS - Prices fall on Iran and US peace deal but recovery pace is now key
Dutch and British natural gas contracts dropped?around 5 percent on Monday morning on the?news that the U.S. will end its war with Iran and reopen Strait of Hormuz. However, the timing of when Gulf production could recover is still unclear. Intercontinental Exchange data showed that the benchmark Dutch front-month contract was EUR2.41 lower at EUR44.36 per Megawatt Hour at 0651 GMT. The British front-month contracts was down 5.74 pennies? at 106.17 penny per therm. The two contracts are at their lowest prices since early May. U.S.
EUROPE GAS - Prices range bound as US and Iran trade attacks for a second day
Norwegian field maintenance will cut?supply. LONDON, JUNE 11 - Dutch and British natural gas wholesale contracts traded in a narrow range Thursday morning as the United States and Iran exchanged air attacks for the second day straight, with President Donald Trump vowing to launch further strikes if Tehran did not agree immediately to a "peace deal". Data from Intercontinental Exchange (ICE), showed that the benchmark Dutch front-month contract was EUR0.09 lower at EUR49.90 per Megawatt Hour (MWh) as of 0823 GMT.
Prices for Europe GAS are slightly firmer due to renewed Middle East tensions and Norway maintenance
The Dutch and British natural gas contracts were slightly firmer Wednesday morning, as new attacks between the U.S.A. and Iran dampened hopes for a peace agreement and as Norwegian exports of gas are expected to fall due to an increase in maintenance outages. Data from the Intercontinental Exchange showed that the benchmark 'Dutch Front-Month Contract at the TTF Hub was EUR0.58 higher at EUR49.33 a megawatt?hour by 0816 GMT. The British front-month contract increased by?1.43 cents to 118.62 cents per therm.
EUROPE GAS - Price rises as Iran War hostilities flare up, LNG supply is tightened
Dutch and British wholesale natural gas contracts increased?on Wednesday morning? as new strikes in the Gulf clouded the outlook for a peace deal, the reopening of Strait of Hormuz as well as the possibility of a strike by Australian workers that could further reduce global LNG supply. Intercontinental Exchange data showed that the benchmark Dutch front-month contract for the TTF hub had increased by EUR1.66 to EUR49.27 per Megawatt Hour (MWh) at 0744 GMT. The British 'front-month contract' was up 4.19 pennies at 118.98 cents per therm.
EUROPE GAS-European Gas Prices Rise after US and Iran Exchange Strikes
Dutch and British wholesale gas contracts rose Monday morning, after Iran and the United States exchanged strike?and Israel sent?troops?deeper?into Lebanon to fight Tehran-backed Hezbollah. Data from Intercontinental Exchange (ICE), showed that the benchmark Dutch front-month contracts at the TTF Hub were up 2.2 Euros at 48.23 euro per megawatt hour. The British front-month contracts?were up 6.4 pence to 117.17 cents per therm. Wayne Bryan, LSEG's principal of?gas research, said that the TTF DA Contract had to retrace its Friday losses.
EUROPE GAS-Prices firm on Iran deal limbo, low gas stocks
The Dutch and British wholesale gas contracts firmed up slightly on Friday, as a U.S. - Iran peace'memorandum' still needs final approval at the top level. Also, Europe is struggling with its weak storage outlook. Data from the Intercontinental Exchange showed that the benchmark Dutch front-month contract was trading at 47.60 Euro per megawatt hour at 0824 GMT. This is an increase of 0.63 euros. The British front-month contracts increased by 1.56 pence to 114.99 pence a?therm.
Prices for Norway gas are lower, and US-Iran hopes of peace have been raised.
Dutch and British wholesale gas prices fell?on the morning of Friday due to a re-invigorated hope for a peace agreement?between Iran and the U.S., some profit-taking and a rise in Norwegian supply. Data from the Intercontinental Exchange showed that the benchmark Dutch front-month contract was 48.21 Euros per megawatt hour at the TTF Hub at 0802 GMT. This is a decrease of 1.20 euros. The British front-month contracts fell by 2.82 pence, to 118.00 cents per therm.
EUROPE GAS - Prices steady before Trump's China trip, Hormuz Shipping Scrutiny
Dutch and British natural gas prices were largely unchanged on Wednesday morning, as a few shipments had been flagged for passage via the Strait of Hormuz. This was due to the highly anticipated trip of President Donald Trump to China. Intercontinental Exchange data showed that the benchmark Dutch front-month contract for the TTF hub had increased by 0.06 euros to 46.75 Euro per megawatt hour (MWh), as of 0813 GMT. The British contract for the month of June was down 0.10 pence at?114.70 per therm.
EUROPE GAS-European gas prices rise as hopes dim for US-Iran peace deal
Dutch and British gas deals?rose? on Tuesday, as hopes for a peace deal? faded? after Donald Trump said that a ceasefire was "on life-support" with Iran following Tehran's refusal of a U.S. offer to end the conflict. Data from Intercontinental Exchange (ICE), showed that the benchmark Dutch front-month contracts at the TTF hub were up 1.16 Euros?at 47.39 Euros per Megawatt Hour (MWh), which is $16.28/mmBtu by 0823 GMT. The British contract was up by 3.42 pence to 116.85 cents per therm.
The price of gas in Europe has risen after Trump's rejection to the Iranian peace proposal
Dutch and British gas contract prices rose on Monday afternoon, following oil, after the United States rejected Iran’s response to a peace proposal. This ended any hope of an imminent end to the Iran War. Intercontinental Exchange data shows that the benchmark Dutch front-month contract on the TTF hub increased by 5.3%, to 46.47 Euro per megawatt (MWh), by 1436 GMT. The British contract was up 5.7% to 114.28 pence a therm. The U.S. President Donald Trump’s rapid rejection of Iran’s?response? to a U.S.
EUROPE GAS-European prices firm on latest US-Iran peace setback
Dutch and British gas contracts were firmed up on Monday, despite the fact that another attempt to end the 'U.S.-Israeli war against Iran' failed. The first Qatari LNG tanker was sailing through the Strait of Hormuz on its way to Pakistan. Data from the Intercontinental Exchange showed that the benchmark Dutch front-month contract for the TTF hub had increased by 0.68 euros to 44.83 Euro per megawatt hour at 0744 GMT. The British contract was 1.39 pence higher at 109.73 cents per therm.
Oil Prices Rise As US-Iran Fighting Continues
Brent crude futures jumped as much as 3% on Friday, a day after the U.S. and Iran traded air strikes, with traders fretting over the future of the cease-fire and shipping in the Strait of Hormuz.Brent crude futures was at $101.47 a barrel, up $1.41 or 1.41% by 10:51 CDT (1551 GMT), after rising as much as 3% earlier in the session. U.S. West Texas Intermediate (WTI) futures was at $95.71 a barrel, up 90 cents, or 0.95%.Both contracts were still set for weekly declines of more than 6%."We're still playing the headline-o-rama game…
EUROPE GAS prices rise by two weeks on fears of prolonged Hormuz shutdown
Dutch and British wholesale gas prices continued to rise on Thursday, as the market anticipates that shipping restrictions through the Strait of?Hormuz will continue to limit LNG supply. Early trading saw the benchmark Dutch front-month contract traded at 48.96 Euros per megawatt hour at TTF hub, its highest level since April 13. Data from the Intercontinental Exchange showed that it was 0.24 euros higher at 47.10 Euro/MWh as of 0748 GMT. After trading at 120 pence/therm earlier, the?British June contract was up 0.42 pence to 116.16 p/therm.
The price of gas in Europe is rising as the uncertainty surrounding the Hormuz Strait fuels volatility
Dutch and British Gas Contracts on Monday Morning rebounded from heavy losses experienced late on Friday amid mixed messages over the?U.S. - Iran?peace?negotiations and whether or not the Strait of Hormuz is open. Data from the Intercontinental Exchange showed that the benchmark Dutch front-month contract was up 2,21 euros to 40,98 euros per megawatt (MWh) at 0655 GMT. Volatility is very high. The contract reached an intraday peak of 43.00 euro/MWh after plummeting to as low as 38.77 euro/MWh last Friday, its lowest level since March 2.
As traders monitor progress in US-Iran negotiations, the price of EUROPE GAS is on the rise.
Dutch and British prices on Thursday morning reduced a portion of their previous session's loss, as the market awaited more updates on Middle East peace negotiations and the potential reopening of Strait of Hormuz. Data from the Intercontinental Exchange showed that the benchmark Dutch front-month contracts at the TTF hub were up 0.81 euros at 42.21 Euro per megawatt hour by 8:20 GMT. The last session closed with a 4.5% decrease. Prices started a little lower and briefly hit?40.85 euro/MWh. This was the level seen six weeks ago at the beginning of the U.S.
Prices of European gas fall as the market seeks clarification about the closure of Hormuz
Dutch and British wholesale gas contracts dropped on Tuesday morning, wiping out all of Monday gains. This was due to the persistent uncertainty over the geopolitical situation regarding the closing of the Strait of Hormuz. Intercontinental Exchange data showed that the benchmark Dutch front-month contracts at the TTF hub were down 0.95 euros at 45.47 euro per megawatt hour. The British contract was down by?2.13 per cent at 114.66 per therm. Today's session should be calmer, as there are no major geopolitical updates.
Prices of EUROPE GAS rise after US-Iran talks fall short
Dutch and British gas rates?rose? on Monday, after U.S. and Iran talks failed to reach an agreement to end the war, jeopardizing the fragile two-week truce. The U.S. army also announced that it would begin a blocking of all maritime traffic into and out of Iranian ports and coastal regions on Monday. Data from the Intercontinental Exchange showed that the benchmark Dutch front-month contract for the TTF hub had increased by 8.8% to 47.50 Euro per megawatt hour at 0754 GMT. The British contract was up 9.2% to 119.83 pence/therm.
Gas prices in Europe fall ahead of Iran and US peace negotiations
Dutch and British gas prices dropped on Friday morning, as the market took a more cautious approach in anticipation of the upcoming 'peace talks' between the United States & Iran at the weekend. Israel also appeared to be willing to start peace negotiations with Lebanon. Data from the Intercontinental Exchange showed that the benchmark Dutch front-month contract was 44.90 euros per Megawatt Hour (MWh) at 0902 GMT. This is a decrease of 1.28 euros. The British contract was down 3.36 pence to 113.40 per therm.
Prices of EUROPE GAS remain stable as LNG trapped in the Hormuz Strait remains behind.
Dutch and British gas contracts saw small gains Thursday morning as the optimism over a 'quick resumption of LNG shipments through the Strait of Hormuz following the U.S.Iran ceasefire faded. Intercontinental Exchange data showed that the benchmark Dutch front-month contract for the TTF hub had increased by 1.03 euros to 46.33 euros per Megawatt Hour (MWh) at 0833 GMT. The British contract in April rose 2.92 pence to 117.17 pence a?therm. Prices dropped'sharply' on Wednesday…
