EU ENERGY SECTOR: ENERGY: Summer Wildfires Remain a risk in Canada
Jun-12 16:52
Canada could see above-average wildfire activity in June and July, as weather forecasters expect a warmer and drier summer, Reuters said.
- After it’s worst-ever year of wildfires in 2023, Canada has so far had a milder season in 2024, with recent rain alleviating some areas.
- "The good news is that the number of fires is well below average for this time of the year ... That being said, multiple regions are at an elevated risk due to a combination of hot, dry and windy conditions," Emergency Preparedness Minister Harjit Sajjan told reporters.
- The regions most at risk include northwestern Alberta, northeastern British Columbia, and southern Northwest Territories, government officials said.
- Recent wildfires in Alberta drew concern that they could impact output at key oil sands production centres, although operations managed to continue.
- In 2014, wildfires around Fort McMurray in Alberta managed to knock out around 1m b/d of production.
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OPTIONS: Larger FX Option Pipeline
May-13 16:34
- EUR/USD: May15 $1.0600-15(E1.4bln), $1.0640-50(E1.2bln), $1.0665-75(E1.6bln); May16 $1.0635-45(E2.9bln), $1.0750-55(E2.5bln), $1.0915-20(E1.2bln); May17 $1.0850(E1.5bln)
- GBP/USD: May15 $1.2440-55(Gbp1.2bln)
- USD/JPY: May15 Y156.00(1.1bln); May16 Y155.00-05($1.1bln); May17 Y155.00($1.1bln)
- AUD/USD: May15 $0.6600(A$1.2bln); May16 $0.6425(A$1.3bln)
- USD/CAD: May15 C$1.3940($1.1bln); May17 C$1.3720-35($1.0bln)
- USD/CNY: May16 Cny7.2000($1.1bln), Cny7.2500($1.0bln)
STIR: Effective Fed Funds Rate
May-13 16:18
New York Fed EFFR for prior session (rate, chg from prev day):
- Daily Effective Fed Funds Rate: 5.33%, no change, volume: $79B
- Daily Overnight Bank Funding Rate: 5.32%, no change, volume: $265B
Source: NY Fed
STIR: Repo Reference Rates
May-13 16:17
REPO REFERENCE RATES (rate, change from prev. day, volume):
- Secured Overnight Financing Rate (SOFR): 5.31%, no change, $1816B
- Broad General Collateral Rate (BGCR): 5.30%, no change, $722B
- Tri-Party General Collateral Rate (TGCR): 5.30%, no change, $709B
Source: NY Fed
