Free Trial

Pullback Considered Corrective


Corrective Cycle


Corrective Bounce


Short-Term Trend Needle Points South

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: EC Head Aims For Gas Price Cap Deal In Coming Days


EU Commission President Ursula von der Leyen said Monday she is hoping for a political agreement on a gas price cap in coming days, following an intensive weekend of phone diplomacy with national capitals in a bid to find a way forward on the price cap ahead of Tuesday’s energy ministers’ meeting and an EU summit on Thursday and Friday this week.

“A lot of work has been done, the technicalities have been set. We need a political agreement on what kind price cap and on the thresholds,” von der Leyen said.

The cap has proven highly controversial, with German officials fundamentally opposed to a price cap, due to concern that it could prompt LNG exporters to send their cargoes to Asia, while other big EU countries favour a much lower price cap and some a ‘dynamic corridor’ approach. Any cap would need to address the need for demand reduction, security of supply and financial stability issues, she said.

MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

To read the full story

Why Subscribe to


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.