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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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Free AccessTTF Steady After Prices Ease Back from Supply Risk Rally
EU Ministers meet today to agree to the planned measures to ease the surging energy prices. The measures in focus are a reduction of electricity demand, a cap on profits from energy producers with cheap input costs and a tax on excess profits from fossil fuel companies. A cap on gas prices will not be agreed today.
- TTF prices are steady after surging earlier in the week due to renewed supply concerns due to rising Russian tensions. The damage to the Nord Stream pipelines has raised energy infrastructure security concerns and means Russian supplies through the pipeline will not resume for quite a while. Supply of Russian gas transit via Ukraine is also at risk if Russian sanction Naftogaz. Gas transit via Ukraine is today up at 43.7mcm/d.
- Norwegian supply is today nominated at 273.7mcm/d as seasonal maintenance has extended into the weekend. High LNG imports are supporting storage injections with total European stocks now up to 88.25% full.
- TTF NOV 22 up 0.3% at 204.35€/MWh
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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.