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Blackouts in Mexico Sign of Long-Simmering Energy Sector Problems, Experts Say
Markets
June Natural Gas Futures Climb Following Bullish Miss in Government Storage Data
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 70 Bcf natural gas into storage for the week ended May 10. The result was a miss against expectations and historical averages. The print reflected rising demand and listless production, supporting additional gains in Nymex June natural gas futures. About 30 minutes ahead…
May 16, 2024Regulatory
Mexico Hydrocarbons Law Said Heightening Private Sector Midstream Risks
A recent ruling by Mexico’s Supreme Court to uphold the constitutionality of the 2021 Hydrocarbons Law could further limit the ability of private companies to obtain regulatory permits and heighten risks of government intervention in midstream and downstream operations, industry experts told NGI’s Mexico GPI. Last month, the majority of Mexico’s 11 Supreme Court Justices…
May 15, 2024Markets
After Hitting Three-Month High, Profit-Taking Saps Natural Gas Futures; Waha Cash Prices Flip Positive
Natural gas futures floundered on Tuesday as traders took profits and ongoing maintenance projects called into question the timing of a full rebound in export demand. At A Glance: Production near 97 Bcf/d Export demand mixed Strong Southern heat Coming off a 12.9 cent jump on Monday and a 5% rally last week, the June…
May 14, 2024Mexico
Mexico Power Grid Braces for Long Summer After Blackouts
Widespread blackouts in early May across 21 of Mexico’s 32 states are a troubling sign ahead of summer months, which is when the nation’s electricity demand peaks, according to three industry experts who spoke with NGI’s Mexico GPI. “I think it’s going to be a spring and summer of constant blackouts. Not daily, but frequently,”…
May 14, 2024Trending News
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