Mercados

Traded Natural Gas Volumes In Mexico Up 35% In 2H2018

Natural gas marketers in Mexico transacted an average volume of 6.69 Bcf/d during the second half of 2018, up 35% from the 4.96 Bcf/d averaged during the corresponding 2017 period, according to the latest IPGN monthly natural gas price index published by the Comisión Reguladora de Energía (CRE). Read More

Extreme Cold Inbound as Natural Gas Futures Mount End-Week Rally

  • February Nymex up 7.9 cents to $3.178; March up 7.4 cents to $3.072
  • “Through the week it became clear that the cold shot to close out January and bring in February was the real deal,” says Bespoke
  • Current polar vortex cold weather pattern puts deliverability issues “very much back in play,” says Genscape’s Fell
  • Maintenance restricting Northwest flows out of Permian on EPNG over weekend: Genscape
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Extreme Polar Vortex Cold Inbound, Helping Natural Gas Futures Rally

  • February Nymex futures up 11.9 cents to $3.099; March up 7.6 cents to $2.998
  • “The pattern would be exceptionally bullish if not for the weather data favoring the polar cold pool retreating back into southern Canada Feb. 5-8,” NatGasWeather says
  • Polar vortex cold next week could break records in Midwest: Radiant
  • EPNG declares OFO due to underperforming supplies as West Texas spot prices rally
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Mexican Natural Gas Industry Participants Confident of Continued Thirst for U.S. Imports

Imported natural gas will continue to be a growing part of the energy mix in Mexico despite calls from the new government of Andrés Manuel López Obrador to reengineer the sector. This is according to a range of opinions shared at Industry Exchange’s 4th Mexico Infrastructure Projects Forum held in Monterrey, Mexico Jan. 16-17. Read More

Natural Gas Bulls Can’t Hold Ground as Early Gains Disappear; Spot Prices Mixed

  • NGI's Mexico Natural Gas Prices: see page 2
  • February Nymex down 6.0 cents to $2.980; March down 5.0 cents to $2.922
  • This week a “huge about-face from what we saw” last week: Rafferty’s Blair
  • “Overall, a solidly bullish pattern through Feb. 2-3, then becoming neutral to bearish,” says NatGasWeather
  • Force majeure on Mojave restricting ~70 MMcf/d flowing into California: Genscape
  • BREAKING: EIA reports a 163 Bcf storage withdrawal for the week ending Jan. 18
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Natural Gas Futures, Spot Prices Drop as Forecasts Seen Moderating

  • February Nymex down 44.2 cents to $3.040; March down 26.7 cents to $2.972
  • Selling driven by data showing greater odds of polar cold “retreating back into Southern Canada during the first week of February,” says NatGasWeather
  • Sell-off larger than expected, potentially overdone based on forecasts: Bespoke
  • Lower 48 production down to 84 Bcf/d on freeze-offs, operational issues, says Genscape
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Colder Guidance Helps Natural Gas Futures Rebound After Early Selling

  • February Nymex futures up 6.9 cents to $3.482; March up 6.5 cents to $3.239
  • “Now we head into the weekend with a decent amount of cold risk priced back into the market,” says Bespoke
  • Market “taking a ‘prove it to me’ attitude” with cold forecasts: EBW’s Weissman
  • BHGE U.S. rig count down 25 for week ended Jan. 18 as oil price volatility seen making producers skittish
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After Rallying Early, Natural Gas Futures Sell Off on Milder Forecast Trends

  • February Nymex futures up 2.9 cents to $3.413; March up 2.7 cents to $3.174
  • Last three trading days “like carbon copies of each other” as early gains erased on milder forecast trends, says Bespoke
  • GFS, Euro models trend milder, showing breaks between cold blasts: NatGasWeather
  • Dip in Lower 48 production since November not structural, output to rebound, says Genscape
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Natural Gas Futures Slide for Second Straight Day Despite Bullish Polar Vortex Pattern

  • February Nymex settles 11.7 cents lower at $3.384; March down 10.2 cents to $3.147
  • Split in polar vortex keeping weather outlook bullish, says Powerhouse’s Levin
  • NNG maintenance could cut more than 200 MMcf/d of flows out of Permian: Genscape
  • BREAKING: EIA reports an on-target 81 Bcf storage withdrawal for week ended Jan. 11
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