EUROPE GAS prices range bound on warmer weather and Ukraine peace talks
The Dutch and British wholesale prices of gas traded in a narrow band on Tuesday. This was due to a strong supply coming from Norway, liquefied gas (LNG), softer demand because of warmer temperatures and ongoing discussions to end the conflict in Ukraine.
EUROPE GAS-European benchmark falls to its lowest level in 18 months on the back of a milder outlook and peace talks with Ukraine
On Monday, the European benchmark contract fell under 30 euros for first time since May 20, 2024. This was due to forecasts of a warmer-than-normal climate in the coming two weeks as well as ongoing diplomatic efforts aimed at ending the war in Ukraine.
Schedule for US Energy Data in the week of Nov. 23
Thanksgiving Day, which falls on Thursday November 27, will impact the schedule for the release of major energy data during the week beginning Nov. 23. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. WEEK OF 23 NOV.
Gas prices to drop next week due to warmer weather
The wholesale gas prices in the Netherlands and Britain fell on Wednesday morning, as forecasts of warmer weather next week reduced demand. LSEG data revealed that the benchmark Dutch front-month contract for the TTF hub had fallen 0.29 euros to 31.12 Euros per Megawatt Hour (MWh)…
EUROPE GAS-Prices in Europe rise due to cold weather.
The price of Dutch and British gas contracts increased on Tuesday morning, as the cold weather across Europe boosted demand for gas heating and increased withdrawals. LSEG data shows that the benchmark Dutch front-month contract was up 0.35 euros at 31.75 Euro per megawatt hour at TTF hub…
Prices fall quickly on French nuclear and wind supply
The European spot power price fell on Tuesday. However, the German day-ahead rate remained at an enormous premium to France. LSEG analyst Xiulan he said that a pronounced increase is expected in French wind energy generation in a short-term forecast.
EUROPE GAS-European gas prices increase as cold weather increases demand
Dutch and British gas prices rose on Monday as the cold weather drives up demand for gas heating and also triggers more withdrawals from gas storage facilities. LSEG data shows that the benchmark Dutch front-month contract was up 0.64 Euro at 31.64 euros/MWh, or $10.76/mmBtu at 0849 GMT.
EUROPE GAS - European prices rise from 18-month lows as cold weather looms
The Dutch and British gas price rose on Friday morning from a low of 18 months, which was reached a day before. This is because temperatures are expected to drop sharply in the coming week, increasing demand for energy, which should lead to a rise in gas storage withdrawals.
EUROPE GAS-European gas prices are soaring on the back of mild weather and strong supply
The Dutch and British electricity prices were in a tight range on Tuesday, as the mild weather kept heating demand low and amid a strong supply of LNG and natural gas from Norway. LSEG data shows that the benchmark Dutch front-month contract was…
EUROPE GAS - European prices are mixed due to divergent weather forecasts
Dutch and British electricity prices were mixed Monday morning, reflecting forecasts for a quicker return to cooler temperatures that will increase gas demand. However, the weather is still expected to be warmer than normal and windy in the coming days.
Schedule for US Energy Data in the week of Nov. 9
The Veterans Day federal holiday, which falls on Tuesday 11 November, will impact the schedule for the release of major energy data during the week beginning November 9. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory.
German Lower House passes law allowing underground carbon storage
The lower house of the German Bundestag parliament has cleared the way for underground carbon storage. It passed a law on Thursday that identifies CO2 storage and pipelines to be of "overriding interest" in order to accelerate planning and approval.
Prices for EUROPE Gas are down due to strong LNG flows and rising demand
The wholesale gas prices in the UK and Netherlands were lower on Wednesday morning, as steady LNG flows offset an increase in heating demand caused by a drop in temperature. LSEG data shows that the benchmark Dutch front-month contract was down 0.47 euros at 31.88 Euro per Megawatt Hour (MWh)…
EUROPE GAS-European gas prices continue to ease on mild and windy weather
The British and Dutch gas contract eased further Friday, after a steep fall the day before, due to forecasts of mild weather and windy conditions in Europe over the next two week. LSEG data shows that the benchmark Dutch front-month contract for…
Gas prices in Britain are down due to warmer temperatures and more wind
The British wholesale gas price dropped on Thursday, as the warmer temperatures and increased wind power are expected to arrive on Friday. Meanwhile, the Dutch equivalent fell. LSEG data show that the British gas front-month price fell 5% or 3.95 pence to 74.50 p/per therm by 0852 GMT.
EUROPE GAS-European gas prices stable near key technical support
Dutch and British gas contract prices were mostly firmer Tuesday. This was despite the fact that there are mild weather forecasts, and a steady supply of LNG and gas via pipeline. LSEG data shows that the benchmark Dutch front-month contract was up 0.29 euro at 31.55 Euro per megawatt hour at TTF hub…
China drives global underground gas storage growth, International Gas Union says
In a report published on Monday, the International Gas Union said that China would lead global underground storage expansion by 2025. It will add 6 billion cubic meters (bcm), or working gas volume, to increase its total capacity to 19,8 bcm. The…
EUROPE GAS - European prices drop after a short-lived price boost.
The Dutch and British gas contract on Friday lost gains made in the previous session due to concerns about the impact of sanctions on Russian energy supplies. However, the short-term demand and supply picture did not change. LSEG data shows that…
EUROPE GAS-European Gas Prices Little Changed on Higher Wind and Colder Weather
The Dutch and British gas price ranges were mostly unchanged on Wednesday morning. Strong winds will offset the colder weather that is expected in the next few days, but early November should be milder, limiting demand for heating. LSEG data shows…
The EU has approved a Russian LNG ban, which will increase the price of gas in Europe.
Dutch and British gas rates rose on Thursday, after the EU adopted a 19th set of sanctions against Russia. This included a ban on Russian gas liquefied imports. The United States also imposed sanctions against Russia's major oil companies. LSEG…