Natural Gas Prices

Natural gas futures probed higher early Monday, with bulls seizing upon favorable near-term weather, steady export demand and market expectations for a seasonally robust inventory withdrawal. But intensifying stress in the global financial system ultimately curbed the momentum and left futures in the red as markets closed. The April Nymex gas futures contract settled at…

E&P

Italy’s Eni SpA, one of Mexico’s leading private sector oil producers, has found more oil and natural gas offshore Mexico. Its most recent find was in the Yatzil exploration prospect in Block 7, located in the mid-deep water of the Cuenca Salina in the Sureste Basin in the Gulf of Mexico. Eni thinks there are…

Markets

Following a colder shift in forecasts over the weekend, natural gas futures were trading modestly higher early Monday, recovering some of their losses from late last week. The April Nymex contract was up 7.2 cents to $2.410/MMBtu at around 8:40 a.m. ET. Weather models trended colder over the weekend, with the European model continuing to…

Regulatory

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The big investment news in Mexico is Elon Musk’s intention to build a ~$5 billion Tesla plant in the thriving northern city…