Mexico crude basket

Mexico Financial Authorities Warn of Additional Pemex Downgrade as Pandemic Rages On

Additional credit rating downgrades of Mexican national oil company Petróleos Mexicanos (Pemex) and of the sovereign are among the biggest internal risks facing the country’s economy as it struggles to emerge from a still-raging coronavirus pandemic and economic downturn, according to local authorities. In its latest summary of risks facing the economy issued Tuesday, Mexico’s…

November Natural Gas Futures Plunge on Demand Worry, High Storage

Erratic liquefied natural gas volumes and a weaker weather pattern weighed on markets With lofty storage levels, analysts said more pressure may lie ahead Spot prices sputtered as comfortable weather sapped demand in the Midwest Natural gas futures plunged Tuesday, as November opened its first full session as the prompt month amid demand skepticism and…

September 30, 2020

State Department Latest to Warn Changes in Mexico Energy Creating Investment Doubts

Regulatory and policy changes in Mexico have dented investor confidence in the energy sector, according to a recent U.S. State Department report on the investment climate in the country. The report cites moves that favor state firms Petróleos Mexicanos (Pemex) and Comisión Federal de Electricidad (CFE).  “The changes have led private companies to file lawsuits…

September 29, 2020

Natural Gas Futures Give Up Ground as October Contract Rolls Off

Natural gas futures dipped lower Monday after posting a double-digit decline to close out the prior week Liquefied natural gas levels declined, adding pressure Cash prices ticked up along with near-term heat in the West and a rebound in the Northeast Natural gas futures dipped even lower Monday after posting a double-digit decline to close…

September 29, 2020

Mexico Natural Gas Imports Touch Historic High in September Despite Pandemic

Pipeline natural gas flows from the United States to Mexico have averaged an estimated 6.2 Bcf/d so far in September, up from 5.5 Bcf/d in full-month September 2019, according to Genscape inc. “Barring backward revisions from any of the major pipelines we monitor, this figure already sets a new historical record in monthly volumes,” Genscape’s…

September 28, 2020