EIA Storage Data Fails to Move Natural Gas Futures Needle Much; Spot Gas Mixed

  • April natural gas climbs modestly as much of incoming cold already priced into market
  • EIA reports 166 Bcf draw that falls on low end of estimates, but widens deficits
  • Coming cold seen extending deficits to potentially more than 600 Bcf by end-March
  • Spot gas prices mixed as chilly, wet weather systems sweep across West and into country’s midsection
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Mexico Central Bank Lowers 2019, 2020 Growth Forecasts

Mexico’s central bank has downwardly revised its 2019 and 2020 economic growth forecasts for the country, citing both external factors and uncertainty over the government’s policies at home, as well as concern over the outlook for national oil company Petróleos Mexicanos. Read More

New Pemex Team Faces Same Old Issues

The new management team at Mexico’s state-run Petróleos Mexicanos (Pemex), in its first conference call with investors on Wednesday, discussed the same issues its predecessors frequently faced: huge financial losses, an even larger debt and upstream results that were somewhat less than scintillating. Read More