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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.
NATURAL GAS
TTF front month falls back from a high of just over 36.9€/MWh this morning with supply risks continuing to drive market volatility.
- Front month 30 day volatility is the highest since April 2022 at 141% as the short term civil unrest in Russia has added to upside price risks from a recent drop in LNG imports, ongoing restricted pipeline supplies from Norway and warm weather across Europe.
- The Russian unrest over the weekend has not impacted country’s gas production and exports but has added to the upside risks with countries including Austria, Slovakia and Hungary still reliant on Russian supplies.
- “Russian geopolitical risk now is significantly higher than before the weekend,” said Tom Marzec-Manser from ICIS.
- TTF JUL 23 up 4.4% at 33.95€/MWh
- TTF WIN 23 up 2.7% at 51.2€/MWh
- TTF SUM 24 up 3.3% at 51.14€/MWh
- TTF WIN 24 up 2.6% at 53.01€/MWh
Source: Bloomberg
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.
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