MNI BRIEF: Fed Says All Largest 31 US Banks Pass Stress Tests

MNI BRIEF: Panetta Says ECB On Course For Inflation Target

MNI BRIEF: China Yuan Supported By Exports, Short Swing Sees

MNI BRIEF: RRR Trim A Better Option Than Rate Cut Now: BOC

MNI China Daily Summary: Wednesday, June 26

MNI DATA TABLE: MNI China Interbank Liquidity Index (Jun) - 1

US EIA: CRUDE OIL STOCKS EX SPR +3.59M TO 460.7M JUN 21 WK

MNI: US MAY NEW HOME SALES -11.3% TO 0.619M SAAR

EZ/UK Bond Supply Calendar: 5/10-year BTPs / CCTeu Due Thursday​

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Gas Prices Continue Moving Lower On Strong Supply & High Storage

LNG

European LNG prices fell further at the start of the week due to temperatures forecast to return to seasonal averages from mid-December after a cold snap, while storage remains almost full at 97.7% (latest data from Gas Infrastructure Europe). They fell 5.2% to EUR 44.25 to be down 7.8% this month and close to the November 22 lows.

  • US natural gas was down another 2.3% to be 22% lower in November due to forecasts of warmer weather for much of the US and continued strong output. Financial firm LSEG said that output in the Lower 48 states has risen 3.1% this month while they expect demand to fall next week, according to Reuters.
  • After rising on Friday, north Asian LNG fell 3.5% on Monday to be down almost 7% this month.
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.