MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

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

TTF Reverses Yesterday's Gains Amid Warm Weather

NATURAL GAS

European TTF falls reverses gains from yesterday with steady market fundamentals and warm weather easing early heating season demand despite concern for the supply risks from rising Middle East tensions.

    • TTF NOV 23 down -5.6% at 48€/MWh
    • TTF Q1 24 down -4% at 54.5€/MWh
    • TTF SUM 24 down -3.3% at 52.85€/MWh
  • The latest weather forecast shows above normal temperatures are expected throughout most of the two week forecast period although could drift back towards normal at the end of October.
  • Norwegian pipeline supplies to Europe are down at 294.4mcm/d due to a planned outage at Oseberg adding to unplanned outages at Asgard and SEGAL fields.
  • European natural gas storage continues to slowly build up to the highest in over ten years at 98.12% full on 17 Oct according to GIE data.
  • Total European LNG sendout was slightly lower at 319mcm/d on 17 Oct according to Bloomberg after rising to 358mcm/d the previous day.
  • Gas transit flows through Ukraine are at 42.4mcm/d today and Algeria gas flow to Italy at Mazara are today estimated at 72.95mcm/d today.
  • ICE TTF daily aggregate traded volumes drifted back near normal at 250k contracts yesterday.
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.