Prices of EUROPE Gas are lower as Middle East Risk Premiums recede
Dutch and British wholesale prices of gas fell on Monday, as the market reduced its Middle East premium following Israel's weekend retaliation attack against Iran and forecasts for milder weather. LSEG data shows that the benchmark front-month gas contract at Dutch TTF hub dropped by 1.25 Euros to 42.25 Euros per megawatt hour by 0915 GMT. The front-month contract in the British market fell 2.75 pence, to 107.25 p/therm. And the day-ahead was down by 1.75 pence.
EUROPE GAS-Prices trade at narrow range amid mild weather forecast and low demand
Dutch and British wholesale price rose slightly, but were contained to a small range on Monday morning due to lower demand. LSEG data shows that the benchmark front-month contract for the Dutch TTF hub increased by 0.87 euros to 40.22 Euro per megawatt hour at 0934 GMT. The contract for December was 0.25 euros higher, at 40.00 Euro/MWh. The day-ahead contract in the British market was up 2.25 cents at 98.50 pennies per therm.
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.
Palm oil gains for the third consecutive session and logs a weekly gain
The price of palm oil in Malaysia rose for the third consecutive session on Friday, and also logged a gain over the week, thanks to the strength of rival Dalian contracts. However, lower crude oil prices and concerns about demand capped this rise. The benchmark palm-oil contract for December delivery at the Bursa Derivatives Exchange in Malaysia closed 72 ringgit or 1.86% higher, closing at 3,948 Ringgit ($940.00) per metric ton.
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Gulf Marine CEO Quits in wake of Profit Warning
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Elengy LNG Terminal Hit Records in 2018
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