ANALYSE GAZ EN

17/07/2026 - The TTF Calendar 2027 price closed at EUR 41.36/MWh Thursday evening, up 8.84% on last Thursday. The TTF Calendar 2028 price closed higher at EUR 29.07/MWh Thursday evening.
The resumption of fighting in the Gulf has had a significant impact on gas prices across all maturities.
LNG deliveries to Europe are declining, with Asia attracting a growing number of cargoes.
The heatwave and the drop in French nuclear output are also helping to support prices.
The gas storage fill rate stands at 53%, 15 points below the five-year average.
Stocks are particularly low in Germany and the Netherlands.

Oil prices closed at USD 84.23/bbl Thursday evening, up 10.39% on last Thursday.
The resumption of airstrikes in the Gulf and the halt of shipping through the Strait of Hormuz are putting the oil market under pressure.
The decline in oil inventories across much of the world, which has so far helped contain the rise in oil prices, is an additional source of concern.
The market has been pricing in a short conflict since April. The Islamic Revolutionary Guard Corps stated that the strait would remain closed until the United States halts its airstrikes and the blockade of Iranian ports is lifted. At this stage, it is difficult to predict how long the standoff between Iran and the United States will last.