LNG: Russia’s Novatek Will Continue to Develop LNG Projects: CEO
Dec-05 13:32
Novatek will continue to develop LNG projects for the global market, CEO Leonid Mikhelson said at the Verona Eurasian Economic Forum in the UAE.
- “There are no good and bad LNG projects. Each of them contributes to meet the global demand,” he said.
- He added that Novatek’s production costs are among the lowest.
- Barriers erected to Russian gas “directly hurt economic growth and people’s wellbeing in different regions of the world,” Mikhelson said.
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**MNI: CANADIAN SEP TRADE BALANCE CAD -1.3 BILLION
Nov-05 13:30
- MNI: CANADIAN SEP TRADE BALANCE CAD -1.3 BILLION
- CANADA SEP EXPORTS CAD 63.9 BLN, IMPORTS CAD 65.1 BLN
- CANADA REVISED AUG MERCHANDISE TRADE BALANCE CAD -1.5 BLN
**MNI: US SEP TRADE GAP -$84.4B VS AUG -$70.8B
Nov-05 13:30
- MNI: US SEP TRADE GAP -$84.4B VS AUG -$70.8B
BONDS: Still Under Pressure
Nov-05 13:24
TY, Bund and gilt futures trade to fresh session lows.
- Fresh upticks in oil and some NY catch up to the uptick in Trump’s election odds being touted as the drivers by some, with no fresh headlines of note seen.
- Initial key support levels still untested across the 3 major futures contracts.
- 5s to 10s the weakest on the Tsy curve, while Bunds steepen and 5s lead the sell off in gilts.
- 10-Year gilts widen by ~1bp vs. both Bunds and Tsys, sub-par demand at today’s 10-Year UK supply a factor there.
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