Gas production from the Groningen gas field will close by October 2024. This is the end of an era. With the closure of the production field, questions arise about security of supply, TTF’s continued existence as a benchmark and what all this means for (TTF) gas prices. In this Market Update, we interpret the implications of this decision and outline the potential impact on security of supply and gas prices.
Russia has banned diesel exports since this week. This is affecting the already tight market, and the high price of diesel. The oil price has taken a breather after a weeks-long rise. In this update, we look at expectations for the fourth quarter.