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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 storage injections have stood at a record 7 bcm since the beginning of October according to the IEA. That point of the year typically marks the start of the gas winter.
- Unseasonably mild temperatures effectively delayed the start of the European heating season - down by an estimated 30% yoy since the start of Oct.
- Industrial gas demand remains depressed, standing 30-40% lower compared to its last year's levels.
- Stronger wind and solar output reduced the call on gas burn in the power sector by almost 1 bcm yoy since October.
- EU storages stand 9% or 8 bcm above their 5y average but this safety buffer could be rapidly eroded: 8 bcm equates to roughly 3 days of gas consumption during a cold spell.
Source: IEA
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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