Natural Gas Price Volatility Lowest in Over a Year

US. benchmark Henry Hub natural gas prices have collapsed from over $10 last year to under $2 this year and have traded sideways between $1.90 to $2.90 for 2023. Much of the price volatility in that tight range coming from gas ETF rolls such as BOIL, KOLD and UNG. Mild weather so far in 2023 has cut historic or actual 30-day close-to-close volatility to 62.2%, its lowest since May 2022. If we look around the world gas futures remain volatile. … Continue reading “Natural Gas Price Volatility Lowest in Over a Year”

European Natural Gas Prices End Year Down 76% from Panic Highs, Near Pre-Ukraine Invasion Levels

European natural gas prices closed out 2022 at €76/MWh up almost 14% for the year, well off the panic highs and back around levels seen prior to Russia’s invasion of Ukraine at €75. These prices are more than 75% below record levels of €350 seen in August. The Dutch TTE futures are down 76.8% from the peak of $103.55 at $23.96. A number of factors came into to play. The economic fallout in the eurozone downturn extended into its sixth … Continue reading “European Natural Gas Prices End Year Down 76% from Panic Highs, Near Pre-Ukraine Invasion Levels”

European Commission Looking for a More Representative Natural Gas Benchmark

The natural gas market in Europe has evolves at a frantic pace in 2022. The obvious is with the Russian invasion of Ukraine and Europe’s dependance on it. Before that was the changing Energy dynamic through Brexit and ESG policies. That led to a shift in new LNG imports from the US and Australia and Qatar. That has led to a disconnect between pipeline benchmark Title Transfer Facility (TTF) and LNG arriving by sea at the continent’s ports which EC … Continue reading “European Commission Looking for a More Representative Natural Gas Benchmark”