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Free AccessTTF Holds Losses On Lower Demand
TTF front month has recovered from an intra-day low this morning amid some outage extensions in Norway but continues to trade lower on the day as forecasts for cooler weather next week limit expectations for cooling demand.
- The TTF front-month contract has recovered from a daily low of €36.17/MWh.
- The annual maintenance at 22.5mcm/d Oseberg has been extended until 1 July, from 27 June previous scheduled. The Sleipner gas field will produce with limited capacity on 21-22 June in an unplanned outage, Gassco remit data showed.
- Latest weather forecasts on Wednesday suggest temperatures across northwest Europe to turn cooler near normal next week.
- TTF JUL 23 down -2.7% at 37.66€/MWh
- TTF WIN 23 down -0.5% at 53.4€/MWh
To read the full story
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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.