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NGI’s 4Q2023 Mexico Natural Gas Market Analyst Takeaways
Markets
Colder Forecast, Tighter Balances Lift Natural Gas Futures in Early Trading
Supportive weekend weather trends, against a backdrop of tightening underlying fundamentals, helped natural gas futures rebound in early trading Monday. After plunging 8.6 cents in Friday’s session, the April Nymex contract was up 8.8 cents to $1.743/MMBtu as of 8:35 a.m. ET. The American Global Forecast System model added 20 heating degree days (HDD) over…
March 18, 2024Mexico
With Natural Gas Prices So Cheap Across the Border, Why Isn’t Mexico Importing More? – Column
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Almost 10 years have passed since the formation of Cenagas, the operator of Mexico’s Sistrangas natural gas pipeline network. The first open…
March 15, 2024Markets
North American Natural Gas Prices in Doldrums After Warm Winter – Mexico Spotlight
North American natural gas futures gained some ground on Thursday but overall, prices continued to languish. After six straight sessions of losses, the New York Mercantile Exchange contract for April rose on Thursday by 8.3 cents/MMBtu day/day to settle at $1.741. There was little room for optimism, though, for natural gas bulls. AccuWeather said the…
March 14, 2024Markets
April Natural Gas Futures Gain After Storage Print Exceeds Estimates
The U.S. Energy Information Administration (EIA) on Thursday reported a natural gas withdrawal from storage of 9 Bcf for the week ended March 8, which exceeded expectations and sent futures higher. Ahead of the 10:30 a.m. ET government report, April Nymex futures were trading 2.6 cents higher day/day at $1.684/MMBtu. After the data was released,…
March 14, 2024Trending News
Markets