Mercados

Frigid Temps Boost Natural Gas Futures, Cash Prices

  • Nymex natural gas futures strip gains as weather models see colder end to February
  • Span of wintry temperatures could expand storage deficits before end of March, but analysts not concerned
  • Spot gas prices mixed, but substantial gains seen in regions expected to see chilliest weather
  • AECO slips, but relative strength so far this winter not seen lasting
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Corporate Transparency Found Lacking at Pemex, CFE

Efforts to improve corporate governance at Mexican national oil company Petróleos Mexicanos (Pemex) and state power utility Comisión Federal de Electricidad (CFE) have been largely unsuccessful and could be further hindered by recently introduced legislation, according to a new report by think tank Mexico Evalua. Read More

Weather Models Have More to Prove as Natural Gas Futures Steady

  • March Nymex futures down 0.2 cents to $2.573; April down 1.1 cents to $2.610
  • EIA’s 78 Bcf withdrawal “quite loose and in itself will not inspire a rally”: Bespoke’s Meisel
  • Technical support coming into play as prices test the $2.50 area, says EBW’s Weissman
  • Midday GFS data somewhat colder but “likely isn’t going to be enough to intimidate,” says NatGasWeather
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