FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Gas Prices Soft As Supplies Robust and Demand Lacklustre

LNG

After three consecutive daily falls, European LNG rose 2.9% on Wednesday to EUR 35.70, off the intraday high of EUR 36.31. They are still down over 15% in December to date as stocks are high, new supply steady, industrial demand weak and temperatures around average.

  • European LNG prices for February and March are above northeast Asia’s to attract flows early next year to restock following winter.
  • US natural gas prices rose 1.7% on technical buying as traders took advantage of very low prices, which are down 16.1% on the month as oversupply continues. Bloomberg estimates that inventories fell last week. East coast forecasts are signalling warmer-than-average weather towards the end of December, while the west coast is looking cooler.
  • North Asian prices fell 1% to be down 4.2% in December as mild weather and soft industrial activity continue.
Energy BulletsPower BulletsCommodities
Energy BulletsPower 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.