A spike in Covid-19 cases and renewed lockdowns in Europe are pressuring global commodity prices as the week gets underway. European natural gas prices declined last week, halting the recent gains of the continent’s key benchmarks. Warmer weather combined with new lockdowns announced in France, Germany and the UK have pushed down prices. The prompt…
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LNG Recap: Global Natural Gas Prices Remain Strong Amid Headwinds
Global natural gas prices have started off strong this week with a number of variables supporting benchmarks as winter draws nearer. The prompt Dutch Title Transfer Facility (TTF), National Balancing Point (NBP) and Japan Korea Marker (JKM) are all at or near levels not seen since last year, while Henry Hub futures traded above $3.00/MMBtu…
LNG Recap: Supply Disruptions Help Push Global Natural Gas Benchmarks Higher
Asian and European natural gas benchmarks moved higher over the last week as winter buying heats up and supply disruptions in Australia, Norway and the United States persist. Asian spot prices remained strong Monday after hitting their highest point in about a year last week. Meanwhile, the front-month Japan Korea Marker contract was at $6.315/MMBtu…