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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
The end of March storage estimate from Bloomberg has been lowered from 49% to 39% full due to less demand destruction.
- A steep drop in spot prices and cheaper forward curve could revive demand especially from the power sector and with increased residential and commercial use next winter.
- The lower March storage forecast highlights the increasing risk the European market faces for 2024.
- They forecast gas demand savings in the region of 23bcm in May23 to Mar24 compared to the 2016-2020 average.
- Plentiful LNG and continued demand destruction could see Northwest Europe, Italy and Austria completely fill gas storage by the end of September according to Bloomberg.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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