RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: SNB CUTS KEY POLICY RATE BY 50 BPS TO 0.5%

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

Mid-Day Gas Summary: TTF Up on Week

NATGAS

TTF remains within yesterday’s range with fundamentals relatively unchanged on the day. Healthy storage levels and a cooling weather forecast are set against import supply risks. Front month is up around 1% on the week.

  • TTF AUG 24 down 1.7% at 34.25€/MWh
  • TTF Q3 24 up 2.1% at 35.05€/MWh
  • Temperatures in NW Europe are forecast to cool further in the coming days to drift below normal early next week. The second week of the outlook shows a recovery back to near or just above normal temperatures.
  • Norwegian pipeline supplies to Europe are nominated up slightly on the day to 334mcm/d with small outages still at Kasto, Troll and Visund according to Gassco.
  • Total European stores are up to 76.2% full on June 26 according to GIE compared to the five-year average of 66.1% with net injections rates at the low end of the previous five year range.
  • High temperatures in Egypt saw its power demand rise to its highest in history at 3500 megawatts on Thursday according to Attaqa, highlighting its need for extra LNG cargoes this year to avoid power cuts and shortages.
  • Russia's Gazprom will start annual pipeline gas exports to China of 10 billion cubic metres (bcm) in 2027 according to the company CEO Alexei Miller on Friday.
  • Indonesia’s Tangguh LNG facility is currently working to restore production from Train 2, said Hudi Suryodipuro at oil and gas regulator SKK Migas cited by Bloomberg.
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletPower Bullets
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletPower Bullets

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.