Latest news with #benchmarkfutures
Bloomberg
a day ago
- Business
- Bloomberg
European Gas Nudges Lower as Traders Await Trump-Putin Talks
European natural gas prices headed for a weekly decline as market participants await a meeting between US and Russian leaders, which could determine the future direction of energy trade policies. Benchmark futures edged lower on Friday and were set for for a small loss this week, trading in a narrow range between €32 and €35 a megawatt-hour that has prevailed since July.
Bloomberg
4 days ago
- Business
- Bloomberg
European Gas Stuck in Five-Week Range as Stockpiling Progresses
European natural gas prices continued to trade in the narrow range they've been stuck in for around five weeks as the region steadily boosts fuel stockpiles for next winter. Benchmark futures hovered near €34 a megawatt-hour after settling slightly higher in the previous session. Contracts have mostly traded between €32 and €35 a megawatt-hour since late June, with July seeing the narrowest monthly range so far this year.
Bloomberg
21-07-2025
- Business
- Bloomberg
European Gas Prices Hold Near Two-Week Low Amid Ample Supply
European natural gas prices held near a two-week low as traders assessed an ample supply outlook after recent disruptions subsided. Benchmark futures hovered below €34 a megawatt-hour after losing 5.5% last week. While liquefied natural gas imports have eased from this year's highs, they remain far above 2024 levels, providing a steady flow of fuel to the region.
Bloomberg
11-06-2025
- Business
- Bloomberg
European Gas Prices Rise as Hotter Weather Blankets Region
European natural gas prices reversed a three-day slide as above-normal temperatures started covering the continent, potentially driving up fuel use for air conditioning. Benchmark futures gained as as much as 2.2% on Wednesday. Temperatures across Europe are set to remain above average during the next two weeks, with cooling demand set to spike to its highest level since July 2022, according to data from Atmospheric G2. In London, temperatures will reach the heat wave threshold, exceeding 30C.
