MNI: US TSY: LOWERS Q3 BORROWING ESTIMATE BY $106B TO $740B

MNI BRIEF: US Treasury Lowers Q3 Borrowing Estimate By $106B

MNI BRIEF: New Powers For UK Fiscal Body As Spending Overshot

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

EZ/UK T-Bill Calendar: Belgium Nov 7, 2024 Short TC Due Tuesday

EZ/UK Bond Supply Calendar: Italy, UK Auction on Tuesday

BoE Data Watch

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

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

LNG Discount to Oil Boosting Demand: Flex LNG

LNG

A big discount in LNG prices to oil and a “huge discount” to diesel are boosting demand in new regions according to CEO of shipowner Flex LNG, Oystein Kalleklev.

  • “We have seen European gas demand bouncing back, driven by the residential and commercial sector, also driven by industry. We haven’t really seen it on the power side yet, so this is something we will monitor, and we do expect low prices will affect consumer behaviour,” he said.
  • “We see demand really bouncing back” in the emerging Asia region.
  • Spot LNG tanker rates are expected to hit a bottom in March. Rates are softening seasonally before rising again for the summer season with a typical ramp up in rates in August and September.
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.