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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.
WEATHER
The likely return of La Nina climate phenomenon, and the associate shift in global weather patterns and temperature extremes, will bring a new wave of disruption and volatility to key global commodity markets, Platts said.
- For energy markets, La Nina could bring a greater frequency of hurricanes in the Gulf of Mexico. This could cause outages and disruptions to both refineries and LNG liquefaction terminals on the USGC.
- The colder weather towards winter may also drive higher energy usage in the US and China. This could be supportive for both US natural gas, as well as global LNG demand from China.
- Between 2020-2023, La Nina has driven a 54% price premium for US FOB loading LNG. FOB loading WTI has a smaller, but still notable 9% price premium.
Source: S&P Global Commodity Insights
Source: S&P Global Commodity Insights
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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