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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 holding earlier gains as colder weather is expected in NW Europe into the start of December. The cooler weather could start to increase withdrawals from storage which have held much higher than normal due to the warm start to winter.
- The latest updated forecast shows temperatures in NW Europe falling below normal from Dec 1 onwards and likely to stay below throughout most of the two week forecast period.
- European storage levels are still up at 93.9% full compared to the five year average of 83.5% at this time of year. Stocks in Germany are at 98.88% full (243TWh), Italy at 92.67% (179TWh), France at 98.1% (131TWh) and the Netherlands at 89.82% (125TWh).
- TTF DEC 22 up 5.6% at 130.2€/MWh
- TTF SUM 23 up 3.9% at 133.85€/MWh
- TTF WIN 23 up 4.3% at 133€/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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