https://sputnikglobe.com/20221203/average-gas-futures-in-europe-down-by-83-in-november-to-1260-per-thousand-cubic-meters-1104997928.html
Average Gas Futures in Europe Down by 8.3% in November to $1,260 Per Thousand Cubic Meters
Average Gas Futures in Europe Down by 8.3% in November to $1,260 Per Thousand Cubic Meters
Sputnik International
MOSCOW (Sputnik) - The average settlement price of gas futures in Europe has been declining for the third month in a row, falling by 8.3% in November in... 03.12.2022, Sputnik International
2022-12-03T07:58+0000
2022-12-03T07:58+0000
2022-12-19T13:53+0000
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The average price has been decreasing for the third consecutive month. In September, it fell to $2,093 per 1,000 cubic meters, down 14.6% month-on-month, and dropped further by 34.2% in October to $1,377.2.At the same time, stock features stood at $1035-1400 per 1,000 cubic meters throughout November, though the prices went up in the last days of the month amid colder weather in Europe and decreasing production of wind energy. On November 30, the price of gas futures exceeded $1,600 per thousand cubic meters for the first time since October.The rising trend in gas prices is expected to take hold due to increasing consumption in Europe. On December 1, the price of gas futures for the next month delivery went up by 9% on the day, exceeding $1,700 per thousand cubic meters.
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gas futures, europe, thousand cubic meters
gas futures, europe, thousand cubic meters
Average Gas Futures in Europe Down by 8.3% in November to $1,260 Per Thousand Cubic Meters
07:58 GMT 03.12.2022 (Updated: 13:53 GMT 19.12.2022) MOSCOW (Sputnik) - The average settlement price of gas futures in Europe has been declining for the third month in a row, falling by 8.3% in November in monthly terms and reaching $1,260 per thousand cubic meters, according to data from the London-based ICE exchange.
The average price has been decreasing for the third consecutive month. In September, it fell to $2,093 per 1,000 cubic meters, down 14.6% month-on-month, and dropped further by 34.2% in October to $1,377.2.
At the same time,
stock features stood at $1035-1400 per 1,000 cubic meters throughout November, though the prices went up in the last days of the month amid colder weather in Europe and decreasing production of wind energy. On November 30, the price of gas futures exceeded $1,600 per thousand cubic meters for the first time since October.
The rising trend in gas prices is expected to take hold due to increasing consumption in Europe. On December 1, the price of gas futures for the next month delivery went up by 9% on the day, exceeding $1,700 per thousand cubic meters.