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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
European gas prices are demonstrating market confidence of comfortably getting through the winter, which should keep prices steady through the colder months, according to Bloomberg.
- Future contracts have erased all gains following the Israel-Hamas war and are heading for their lowest levels since the end of July. This is despite falling temperatures across the continent.
- Prices are being kept in check, despite rising heating demand, due to rising renewables usage, robust stockpiles currently at 97% capacity, and increased imports of LNG. This is keeping prices around EUR 40/MWh.
- However, a weak economic outlook is also limiting upside, with little prospect of a return of industrial gas demand keeping a lid on prices.
- TTF DEC 23 down -1.8% at 42.03€/MWh
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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