LNG

Intercontinental Exchange (IEC) is preparing to extend trading hours for European gas and power futures to match the 22-hour cycles of US and Asian markets. The move enables seamless LNG cross-basin trade and hedging between TTF, Henry Hub, and JKM benchmarks in aligned hours and US$ pricing.

Intercontinental Exchange, the leading global provider of trading platforms for the whole energy complex from crude oil to LNG cargoes and European and Asian natural gas futures and options, has reported record open interest in ICE Midland crude contracts on the US Gulf Coast, also the centre of the US LNG industry.

Intercontinental Exchange Inc., the leading global provider of energy trading platforms, said that global futures and options markets reached record open interest of over 96 million contracts during May as market players in sectors such as oil, natural gas and LNG launched hedging operations amid volatile prices.

Intercontinental Exchange, the leading global provider of trading platforms for the whole energy complex from crude oil to LNG cargoes and European and Asian natural gas futures and options, has refined its contract for key US Gulf Coast oil futures.

April 19 (LNGJ) - Intercontinental Exchange, the leading global provider of energy trading platforms for LNG, oil and other commodities and indices, reported record trading activity in Murban crude as ICE Futures Abu Dhabi (IFAD) marked its third anniversary. IFAD and ICE’s Murban futures market was launched in March 2021 with the Abu Dhabi National Oil Company (ADNOC) and nine of the world’s largest energy traders as founding partners.

   ICE said that in the first quarter of 2024, the Murban futures market hit record traded volume of over 1.1 million contracts and in March reached record average daily volume of 21,454 contracts, up 152 percent year-over-year. On April 15, 2024, Murban futures hit a single day volume record with 36,464 contracts traded. “Three years on from launch, we, together with ADNOC and our partners, have built a truly global Murban futures market which sits alongside benchmark crude grades Brent and Midland WTI,” said Gary King, President of ICE Futures Abu Dhabi.

Murban crude oil in Abu Dhabi that usually trades at around $3 a barrel below dated Brent crude was trading at $90 a barrel on April 14 after Iran launched its first ever direct state-on-state attack on Israel using drones and cruise missiles, indicating that oil and gas prices in Europe will rise on Monday April 15, though the increase in Brent price could be limited to under $95 a barrel because of previous factoring in of the ongoing crisis.

Intercontinental Exchange Inc., the leading global provider of energy trading platforms, said that global futures and options markets reached record open interest of 87.2 million contracts during late January 2024.

Intercontinental Exchange Inc. (ICE) reported a trading surge in 2023 in natural gas futures and options with very high liquidity and including record open interest of 39 percent year-over-year in December and record jumps in annual volumes for the LNG-focused Dutch Title Transfer Facility (TTF), Brent crude and West Texas Intermediate oil futures and options.

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.

Intercontinental Exchange, the leading global provider of energy trading platforms for futures and options, reported a doubling of annual daily volume (ADV) for European benchmark Dutch Title Transfer Facility (TTF) futures and for all natural gas trading almost 20 million lots were traded on one day at the start of November.