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Mexico’s Next Government Needs to Reinforce Competitive Market for Energy Security — Column
Markets
Natural Gas Futures Extend Rally as Supply/Demand Catalysts Align; Spot Prices Mixed
Natural gas futures continued their winning ways on Monday, advancing for a third straight day amid supply curtailments, improving LNG levels and forecasts for late-May heat. At A Glance: Production hovers at 97.5 Bcf/d Feed gas volumes add strength NGI models 77 Bcf storage build After gaining more than 20 cents over the final two…
May 6, 2024Markets
Natural Gas Futures Climb Further Amid Ramping Freeport Flows
With flows to the Freeport LNG terminal ramping up in recent days, strengthening the demand outlook as summer approaches, natural gas futures continued to climb in early trading Monday. After rallying 10.7 cents on Friday, the June Nymex contract was up another 5.8 cents to $2.200/MMBtu at around 8:40 a.m. ET. Updated Wood Mackenzie pipeline…
May 6, 2024Earnings
TC Energy Advances Southeast Gateway Pipeline Offshore Mexico
TC Energy Corp. has completed the northern portion of its Southeast Gateway natural gas offshore pipeline project that would supply underserved areas along the Yucatán Peninsula. Management for the Calgary-based pipeline giant provided updates on major projects during a first-quarter earnings call Friday. In Mexico, TC has installed more than 70% of the offshore pipe…
May 3, 2024Markets
Natural Gas Futures, Spot Prices Find Fresh Footing Following Seasonally Light Storage Increase
Natural gas futures on Thursday snapped a two-day losing streak, bolstered by a bullish storage print, lower production and forecasts for strong summer heat. At A Glance: EIA prints 59 Bcf injection Hotter temperatures ahead Output hovers at 97.6 Bcf/d The June Nymex gas futures contract rallied 10.3 cents day/day and settled at $2.035/MMBtu. After…
May 2, 2024Trending News
