North American natural gas futures ended a two-day losing streak on Thursday. The April New York Mercantile Exchange natural gas futures contract gained 7.5 cents day/day and settled at $2.514/MMBtu. May advanced 8.0 cents on the day to $2.626.


NatGasWeather analysts said, “It’s been difficult to pinpoint the primary drivers of prices this week with prices whip-sawing in volatile trade and bouncing between $2.40 and $2.62.” 

Mexico natural gas imports are up slightly. Wood Mackenzie’s preliminary estimates show that so far in March, U.S.-to-Mexico pipeline imports are around 5.9 Bcf/d, up 6% from February.

“The main contributor to this surge is South Texas, which is reporting deliveries to Mexico at over 3.8 Bcf/d, primarily via its interconnections to the Los Ramones...