Intercontinental Exchange natural gas and energy platform reaches record open interest of 86 million contracts
Intercontinental Exchange Inc., the leading global provider of energy trading platforms for futures and options, said its global futures and options markets reached record open interest on one day in December of 86 million contracts.
European natural gas glut hits mid-winter prices as mild weather prevails and LNG cargoes are pointed at Asia
Europe has now entered an unusual period of having a temporary natural gas glut in the mid-winter season as several European Union nations this week built gas storage levels amid very mild weather and the Germans preferred coal and oil to gas for electricity generation, while the LNG arbitrage window opened to over $2 for the Japan-Korea Marker price for spot cargo deliveries to Japan, China and South Korea.
Norway output nears record amid cuts at key field and high European pipeline and LNG levels
Equinor, Europe’s second-largest natural gas supplier after Russian company Gazprom, has received approval from the government to reduce gas production at one of its key fields amid surplus pipeline gas and LNG supplies in Europe and near record production in the Norwegian Continental Shelf.
