MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

WILLIAMS: NOT BASE CASE TO RAISE RATES FURTHER

MNI: FED'S WILLIAMS: DON'T FEEL URGENCY TO CUT INTEREST RATES

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

US EIA:NAT GAS STORAGE +50 BCF TO 2,333 BCF APR 12 WK

MNI: US NAR: MAR EXISTING HOME SALES 4.19M SAAR

MNI: US APR PHILADELPHIA FED MFG INDEX 15.5

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TTF Edges Down as Warm European Weather Continues into Jan

NATURAL GAS

European natural gas is holding relatively steady this week with TTF front month trading in the 76€/MWh to 86€/MWh range.

    • TTF FEB 23 down -3.5% at 82.69€/MWh
  • Warm weather in Europe for the coming week is balanced against the potential for a drop in temperatures back towards normal in the second week of January.
  • LNG import flows into Europe remain lower than earlier in December at around 420mcm/d with gas spreads currently just favouring supply to Asia over Europe. Spreads from March onwards show Europe at a premium to Asia.
  • Norwegian supply is stable with nominations today at 335.4mcm/d while gas flows through Ukraine are unchanged at 42.4mcm/d.
  • The warm weather has enabled gas storage to hold unchanged since 20 Dec after the high withdrawal rates earlier in the month. Total stocks were at 83.19% on 28 Dec compared to the five year average of 70.8% at this time of year.
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.