Prices of EUROPE GAS fall amid tentative market expectations for an end to the Iran war
Dutch and British benchmark gas prices fell early on Wednesday to their lowest level in nearly two weeks, following news of the U.S. initiative to negotiate an end to the war with Iran which has stopped around a fifth?of global oil and natural gas supplies. Intercontinental Exchange data showed that the benchmark Dutch front-month contract for the TTF hub had fallen by 4,44 euros to 49,60 euros per megawatt at 0855 GMT. The price of electricity briefly fell to 48.75 Euros/MWh (its lowest level since March 13).
Prices of EUROPE GAS continue to fall as the market watches developments in Iran war
Dutch and British wholesale contracts for gas extended losses on Tuesday, following a sharp fall in the previous session. This was after U.S. president Donald Trump announced that he would delay military strikes against Iran, and that an agreement with Iran could be reached "within five or less days". Data from the Intercontinental Exchange revealed that the Dutch front-month contract for the TTF hub had fallen 3.22% to 54.85 Euros per Megawatt Hour (MWh) at 0947 GMT. On Monday, it fell to a low intra-day of 53.74 euro/MWh.
Prices for gas in Europe fall after Trump delays strikes against Iran power plants
The European benchmark contract for gas fell sharply Monday after U.S. President Donald Trump announced he would delay strikes on Iranian energy infrastructure and power plants, saying that a deal could be reached with Iran "within five days or sooner". Intercontinental Exchange data showed that the benchmark Dutch front-month contract at the TTF hub had fallen 4.14 euros to?55.12 per megawatt hour by 1322 GMT. The price had been as high as 63.15 euro/MWh in the morning and dropped to a low intraday of 53.74 euro/MWh.
EUROPE GAS - European prices are rising due to Middle East energy war fears
Dutch and British Gas Contracts rose on Monday morning and are likely to face another volatile trading session, as the Middle East war risks escalating strikes against energy infrastructure. The reopening of Strait of Hormuz is still a long way off. Data from Intercontinental Exchange showed that the benchmark Dutch front-month contracts?at TTF hub were up?3.01 euros at 62.35 euros per megawatt hour (MWh), by 0901 GMT. The British contract was up by 6.3 pence to 157.40 per therm.
EUROPE GAS - European prices fall in line with crude oil as Middle East hopes for de-escalation are raised
Dutch and British wholesale gasoline prices fell from their 3-year highs in the morning of?Tuesday, mirroring oil market movements after?U.S. Donald Trump claimed that the Middle East conflict would end "soon". Data from Intercontinental Exchange (ICE), showed that the benchmark Dutch front-month contract at the TTF hub had fallen by?7.98 euros to 48.47 euros per megawatt hour(MWh) as of 0852 GMT. The intraday peak was 69.50 euro/MWh, which is the highest since January 2023. The British contract was lower by 19.90 pence, at 123.63 cents per therm.
The price of gas in Europe is more volatile due to the growing competition from LNG
Dutch and British wholesale prices of gas have slowed the huge gains they made this week, but remain volatile due to increased competition worldwide among buyers for replacements of lost Qatari LNG cargoes. Data from the Intercontinental Exchange showed that the benchmark 'Dutch front month contract' at the TTF hub had increased by 1.02 euros to 51.75 euros a megawatt hour (MWh), as of 1026 GMT. After initially trading at 6.00 lower, the British contract for April rose 2.25 pence to 133.75 cents per therm.
The European market is seeking clarity about Qatari LNG supplies, which has led to a reduction in prices.
The Dutch and British gas price were lower on Wednesday, after rising earlier in the week. However, they could still be volatile, as traders try to gauge how long Qatari LNG supply will remain interrupted. Data from Intercontinental Exchange (ICE), showed that the benchmark 'Dutch front month contract' at the TTF hub had fallen by 1.02 euros to?53.27 per megawatt-hour (MWh) as of 1018 GMT. The price of electricity rose to a record high of 65.79 euro/MWh on Tuesday, the highest since January 2023. However, it fell again by 10 euros by the end the day.
EEX invites comments on the extension of trading hours for benchmark gas contracts
The CEO of Deutsche Boerse's EEX (Europe's largest electricity and gas 'exchange) said that the company is currently in discussions with market participants about whether to extend trading hours on Europe's main gas benchmark. EEX - peer Intercontinental Exchange - announced last month that it would extend the daily trading hours of European gas and electricity contracts from 0800 CET until 1800 CET on April 13 to 0150 CET (2300 CET) (0050 GMT-2200 GMT).
Intercontinental Exchange sets Dutch gas trading record and aims for longer trading hours
Intercontinental Exchange announced on Monday that it would be extending trading hours and achieving a record trading volume for benchmark European Gas Contracts in 2025. ICE said that it traded a record 103 million contracts in futures and option products for the Dutch Title Transfer Facility in 2025. This was the first time the company had exceeded 100 million contracts. The company also set a record in the TTF 1st Line Financial Futures and JKM LNG futures (Platts), which each surpassed one million traded contracts.
S&P 500 and Nasdaq close higher as Fed worries are outweighed by tech strength
The technology sector helped U.S. stock prices close higher on Wednesday, as investors, unable to access economic data due to the shutdown of the federal government, turned to the minutes from the Federal Reserve’s latest policy meeting to get a sense of the outlook for rate cuts until year-end. Nasdaq, the tech-heavy market, was in front. Its gains were largely due to megacaps related to artificial intelligence that have led this year's market gains. S&P 500 & Nasdaq closed at new highs.
Wall Street Journal, October 8,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Intercontinental Exchange, the owner of the New York Stock Exchange, said that it would invest as much as $2 billion in Polymarket. This deal values the popular crypto-based predictions market at approximately $8 billion. It is a vote of confidence for the growth prospects of the platform. California has passed tougher rules to prevent corporate investors…
The fragile Middle East truce has knocked down the prices of crops that are tied to oil.
The price of crops around the globe has been impacted by a shaky truce between Iran and Israel, especially those that can be converted into biofuels. Prices are affected by the price for crude oil. The price of crude oil dropped sharply after President Trump announced a ceasefire. This hit futures contracts and stocks for vegetable oils like Malaysian palm, European rapeseed and Chicago soyoil. John Duvenaud, Winnipeg, Canada's crop markets analyst…
NSE is the second exchange to be approved for trading in electricity futures.
India's National Stock Exchange became the second exchange this week to receive regulatory approval for electricity futures contracts. Experts say that this could help struggling utilities improve their financial situation. Last week, the Securities and Exchange Board of India gave a similar approval to the Multi Commodity Exchange of India. A futures contract allows the buyer to purchase power at a set price at a future date. Indian utilities currently rely on power purchase agreements (PPAs), which can last up to 25-years, for their baseload needs.
Dutch prices rise on Norway's tariff extension and outage extension
Dutch wholesale gas prices increased on Monday morning. This was supported by a prolongation of Norwegian outages, and a delayed U.S. tariff on European goods. However, activity in Britain and America was low due to the holidays. On the Intercontinental Exchange, the benchmark Dutch front-month contract was trading at 37.31 Euros per Megawatt Hour (MWH) at 0821 GMT. This is an increase of 0.73 euros. Due to a British holiday on Monday, no British contracts were traded. A holiday in the U.S. will also impact trading.
Oil hedging activity reaches record levels in October as traders take on market risks
Oil futures and option trading reached record levels during October as investors sought to hedge against the growing uncertainty caused by the ongoing war in the Middle East, and an upcoming bearish supply and demand forecast for 2025. This led to big swings in oil prices. By locking in an oil price, hedging can protect producers from market volatility and reduce their risk. This can give traders the opportunity to make money during volatile times.
Prices for gas in Europe are lower due to steady Russian and Norwegian supplies
The wholesale gas prices in the Netherlands and Britain fell on Thursday morning, as supplies from Russia via Ukraine remained constant. Intercontinental Exchange (ICE) traded the benchmark front-month contract Dutch TTF Hub at 35.40 Euros per megawatt (MWh), down 0.74 euros, by 8:34 GMT. The day-ahead contract on the British market was down 2.28 pence at 85.75 cents per therm. Analysts at ING reported that prices rose on Wednesday due to a mix of supply concerns. These included any impact hurricane Francine may have on U.S.
Oil Is Our Gold and We Aim to Use All of It -ADNOC
Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said.The world's transition away from fossil fuel in an effort to slash greenhouse gas emissions is expected to accelerate in coming decades, leaving many oil companies and producing nations pondering their long-term future.But for state-run ADNOC, the main oil-producing company in the United Arab Emirates…
Oil Falls as U.S. Adds New Rigs, China Weakness
Oil fell nearly 2 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, but the price is still on course for its strongest January gain for 14 years.Further weighing on oil markets, the trade dispute between the United States and China looks unlikely to end anytime soon and its impact on the Chinese economy is increasing.Brent crude oil futures were down $1.05 at $60.59 a barrel by 1300 GMT, while U.S. futures were down $1.02 at $52.67 a barrel.U.S.
Oil Falls on Gloomier Economic Forecast
Fund managers cut bullish crude holdings to 15-month low.Oil prices fell on Monday, as concern over the global economy put crude on track for its biggest monthly fall since mid-2016.Brent crude oil futures were down 34 cents at $77.28 a barrel at 1005 GMT, while U.S. crude futures fell by 30 cents to $67.29.Even with U.S. sanctions on Iranian exports due to come into force in under a week, oil has lost nearly 7 percent in value this month, the largest…
Oil Falls as Concern Deepens Over Global Economic Outlook
Oil prices dropped on Monday as concern over the global economy put crude on track for its biggest monthly fall since mid-2016.Brent crude oil futures had fallen 58 cents to $77.04 a barrel by 1423 GMT. U.S. crude futures were down 63 cents at $66.96 a barrel.Even with U.S. sanctions on Iranian exports due to come into force in under a week, oil has lost nearly 7 percent in value this month, the largest percentage decline since July 2016.Industrial…