European gas prices take a breather

Prospects of more comfortable supply with the return of some Norwegian production capacity and French regas capacity this week kept a lid on European gas prices on Monday after seven consecutive sessions of gains. A downward correction in Brent prices also filtered through the Asian spot LNG benchmark and the EU gas far curve which edged slightly lower as well. In China, coal future prices for delivery in August and September at the Zhengzhou exchange corrected downwards after a senior government official predicted that a rise in supply would weaken prices, a move which could dampen the bullish trend in international coal prices in the short term. Finally, Henry Hub prices stood apart and posted significant gains yesterday on the back of an historic heatwave in the Pacific Northwest leading to a peak in power demand for cooling purposes.

Share this news :

You might also read :

ES-economy
December 3, 2021

US job report: a test for the bond market

Equity markets continue to yo-yo: as expected, they rebounded in the US, but European markets adjusted on the previous day’s US decline. It seems that…
ES-gas
October 18, 2021

Prices weakened in Europe and in Asia

European gas prices weakened overall on Friday, pressured by forecasts of higher LNG supply in Europe in the coming days and profit taking. The drop…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]