Following the trade results on January 16, foreign exchange prices of gas in Europe fell by 15.5% to just under $615 per thousand cubic meters. This is evidenced by data from the London Stock Exchange. ICE.
At the opening of trade, the February TTF index for February delivery rose 0.2% to approach $728.6, the maximum price of the trade. The minimum value is $609.2 (-16.2%). The most recent futures traded at $614.5 (-15.5%).
The cost dynamics of gas futures are based on the settlement price of the previous trading day, Friday – $727.1 per thousand cubic meters.
Earlier at the time of trade on January 16, exchange prices for gas in Europe fallen $660 per thousand cubic meters for the first time since September 2021.
CSR Sergey Kolobanov, Deputy Head of the “Economic Center of the Fuel and Energy Complex” previously expression The view that gas prices in Europe will most likely not rise to $4,000 per thousand cubic meters due to timely filling of storage facilities and measures taken to minimize the risks of fluctuations in gas market prices.
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.