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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
EU gas storage net withdrawals stood below the 2018-2022 average since 9 December, while month-to-date withdrawals remain above the five-year average.
- Net storage withdrawals on 1-13 December averaged 4909.7GWh/d, above the five-year average of 4,669.6GWh during the same period.
- Above normal temperatures have limited withdrawals in recent days. Net stock withdrawals stood at 3949.8GWh on 13 December, below the five-year average of 5839.8GWh/d for the same day.
- Weather forecasts for NW Europe are suggesting above-average weather for the remainder of December which is likely to limit above-average withdrawals.
- European natural gas storage was down to 89.74% full as of 13 December, well above the five-year average of 79.09% according to GIE data.
- TTF JAN 24 down -3.2% at 33.72€/MWh
- TTF Q1 24 down -3.1% at 34€/MWh
- TTF SUM 24 down -3% at 33.97€/MWh
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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