MNI INTERVIEW: UK Borrowing For Investment Risky - OBR's Miles

MNI BRIEF: China Aug M1 Drops Further To Hit Record Low

MNI BRIEF: PBOC To Introduce Additional Measures For Economy

MNI BRIEF: Turkish Central Bank Sees Further Disinflation

CHINA YTD NEW LOANS CNY14.4 TRLN VS MEDIAN CNY14.6 TRLN: PBOC

MNI BRIEF: China To Extend Retirement Age

MNI: CANADA JUL WHOLESALE SALES +0.9%; EX-AUTOS +0.3%

MNI: US AUG IMPORT PRICES -0.3%

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

European Gas Safe This Winter: IEA

NATURAL GAS

The EU has enough gas for the current winter but could face a shortage next year if Russia cuts supplies further according to the IEA earlier.

  • If Russia was to cut the small share of gas it still delivers to Europe, and Chinese gas demand rebounded from lockdown lows, the EU could face a gas shortfall of 27 billion cubic metres (bcm) in 2023, the IEA said.
  • Von der Leyen said the bloc's gas supply was "safe for this winter" and the 27-country EU was preparing for the next one.
  • The EU is still attempting to agree a gas price cap in the background which has left EU nations divided. Von der Leyen said she hopes the EU can agree a gas price cap in the next few days.
  • The EU managed to curb its gas consumption by 50 billion cubic meters this year due to a combination of household energy conservation, lower industrial output and mild weather, according to the IEA
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.