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Exclusive-White House rules out ban on natural gas exports this winter

The White House has ruled out any ban or curbs on natural-gas exports this winter, in a bid to help alleviate energy shortages in Europe, according to two people directly involved in the discussions.

In March, U.S. President Joe Biden committed to deliver 15 billion cubic metres (bcm) more of liquefied natural gas (LNG) to Europe following Russia’s invasion of Ukraine and has already surpassed that goal.

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18:25USDRedbook Index (YoY)(Sep 30) 11%
18:30USDFed’s Williams speech SPEECH
18:45USDFed’s Mester speech SPEECH
19:30USDFactory Orders (MoM)(Aug) 0.3%-1%
19:30USDJOLTS Job Openings(Aug) 10.45M11.239M
21:00USD52-Week Bill Auction 3.46%
22:30USDFed’s Daly speech 

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Indices surged over 2% buoyed by positive global cues and encouraging quarterly updates on advances and collections from Banks during the second quarter. Ahead of the festive season, the street is optimistic on retail demand across segments and we saw Financials lead from the front today.

Participation of the IT sector today lent ammunition to the Bulls as almost all sectoral indices ended in the Green as we near the end of the Navratri festival. Positive Tailwinds at Home amidst gloom elsewhere in the globe left Bears stranded today as the Sensex vaulted past 58K.

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