Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Back

European gas dips, but structural risks remain – ING

European natural gas prices plunged almost 4% yesterday as storage continues to build. Gas inventories stand at 37% full after bottoming out at less than 34% full in late March, ING's commodity experts Ewa Manthey and Warren Patterson note.

EU mulls ban on Russian spot LNG amid gas market calm

"However, storage levels are below last year’s levels and lower than average. Meanwhile, the Title Transfer Facility (TTF) forward curve continues to move towards a more normal shape, with summer prices trading at a discount to winter prices. Behind this move are broader demand concerns and the potential for flexibility in EU storage targets."

"The EU is reportedly discussing a potential ban on spot purchases of Russian gas to help reduce the region’s reliance on Russian fossil fuels. Possible actions to be taken are expected to be presented to EU members on 6 May. Russia is still a large supplier of natural gas to the region."

"While Russian pipeline flows have fallen significantly in recent years, Russian LNG arrivals into Europe have grown. The fact that the EU is looking at options to reduce flows suggests that a return of Russian pipeline gas to Europe as part of a Russia/Ukraine peace deal is unlikely."

Oil rises on easing Fed and trade fears – ING

Oil rebounded yesterday along with other risk assets. ICE Brent settled almost 1.8% higher on the day after President Trump calmed concerns over the future of Federal Reserve Chair Jerome Powell’s position, ING's commodity experts Ewa Manthey and Warren Patterson note.
Read more Previous

Eurozone Construction Output s.a (MoM) dipped from previous 0.2% to -0.5% in February

Eurozone Construction Output s.a (MoM) dipped from previous 0.2% to -0.5% in February
Read more Next