CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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 Win22 and Sum23 Moving Quicker than Front Month

NATURAL GAS

TTF Win22 and Sum23 are reacting stronger than front month with the potential long term impact of a halt to Russian Nord Stream gas supplies.

    • TTF OCT 22 up 25.3% at 269€/MWh
    • TTF WIN 22 up 29.3% at 279.97€/MWh
    • TTF SUM 23 up 31.6% at 230.5€/MWh
  • A complete halt to Nord Stream flows puts extra pressure on LNG supply although the new Baltic pipeline from Norway due in October may also help to boost supplies. With strong demand for LNG supplies, high prices will be required to attract LNG cargoes to Europe to cover winter demand and replenish gas stocks again next summer.
  • The halt to Nord Stream was expected at some point but Europe is improving the balance excluding the supply largely thanks to urgent implementation of new LNG regas capacity and measures to reduce consumption. Despite the price surge today, the front month price is still well below the peak of 336€/MWh reached on Aug 26.
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.