The "Mother of all Bidding Wars" - Dec 21
Posted: Tue Dec 21, 2021 11:34 am
These were the natural gas prices in Europe and Asia yesterday.
> Europe's benchmark is the Dutch TTF: $48.66/MMBtu
> Asia's benchmark is the Japan/Korea Marker (JKM): $45.03/MMBtu
This world has an energy crisis today that is likely to get worse. There is not enough space heating fuel to make it through a winter like they had last year. Oil will join the party soon as there will be a big spike in demand for heating oil.
Old Man Winter and La Nina haven't forgotten North America.
> Europe's benchmark is the Dutch TTF: $48.66/MMBtu
> Asia's benchmark is the Japan/Korea Marker (JKM): $45.03/MMBtu
This world has an energy crisis today that is likely to get worse. There is not enough space heating fuel to make it through a winter like they had last year. Oil will join the party soon as there will be a big spike in demand for heating oil.
Old Man Winter and La Nina haven't forgotten North America.