Market

Mexico’s CFEi Reports 14% Surge in 2021 Marketed Natural Gas Volumes

Mexico’s CFEi Reports 14% Surge in 2021 Marketed Natural Gas Volumes

Mexico’s CFE International LLC (CFEi) reported a 14% year/year increase in natural gas sales transactions during 2021, even as many large marketers posted declines, according to NGI’s Top North American Natural Gas Marketers ranking. CFEi, a fuel procurement and marketing arm of state-owned power utility Comisión Federal de Electricidad (CFE), transacted 3.53 Bcf/d of gas…

March 23, 2022
COLUMN: Don’t Expect Mexico Oil, Natural Gas Supply to Bail Out Global Energy Markets

COLUMN: Don’t Expect Mexico Oil, Natural Gas Supply to Bail Out Global Energy Markets

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 opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. War in Europe…

March 11, 2022
Flex LNG CEO Sees Shipping Market Tightening Further

Flex LNG CEO Sees Shipping Market Tightening Further

The liquefied natural gas (LNG) shipping market is expected to tighten in the coming years as carrier owners fill charters and older, higher emitting vessels are pushed out of the market, Flex LNG Ltd. CEO Øystein Kalleklev said. One-year term charter rates have risen since the start of the year as global LNG demand has…

August 17, 2021
BP, Top Natural Gas Marketers Lose Ground in 1Q2021, but High Prices, Demand Forecast to Turn Tide

BP, Top Natural Gas Marketers Lose Ground in 1Q2021, but High Prices, Demand Forecast to Turn Tide

Leading natural gas marketers collectively lost ground with sales volumes in 1Q2021, continuing a two-year trend of year/year declines, according to NGI’s Top North American Natural Gas Marketers rankings. The 25 gas marketers included in NGI‘s latest quarterly assessment reported combined sales transactions of 126.06 Bcf/d for the first quarter. The 23 covered companies with…

June 18, 2021
July Natural Gas Futures, Cash Prices Sink After Bearish Inventory Report

July Natural Gas Futures, Cash Prices Sink After Bearish Inventory Report

Dragged lower after a bearish government inventory report, natural gas futures plunged on Thursday after rallying more than 7.0 cents into the expiration of the June contract a day earlier. The July Nymex contract, in its debut as the front month, dropped 6.9 cents day/day and settled at $2.958/MMBtu. It had closed above $3.00 on…

May 28, 2021
As Balances Loosen and Weather Forecasts Shift Warmer, Natural Gas Futures Continue Struggle

As Balances Loosen and Weather Forecasts Shift Warmer, Natural Gas Futures Continue Struggle

Signs of spring point to lighter demand Traders continue to weigh anemic storage pulls Production recovers faster than demand from Texas storm The hangover of another anemic government inventory assessment weighed down natural gas futures on Friday. The April Nymex contract fell 6.8 cents day/day and settled at $2.600/MMBtu. It marked the seventh time in…

March 15, 2021
Northern Freeze, LNG Strength Push December Natural Gas Futures Higher

Northern Freeze, LNG Strength Push December Natural Gas Futures Higher

EIA reported an injection of 8 Bcf natural gas into storage Further improvement in weather-driven demand fueled gains Continued strong LNG levels also provided price support Further gradual improvement in weather-driven demand expectations and continued strength in export levels offset a bearish storage report and boosted natural gas futures on Friday.  The December Nymex contract…

November 16, 2020
December Natural Gas Futures in Freefall; Prices Drop a Fifth Straight Session

December Natural Gas Futures in Freefall; Prices Drop a Fifth Straight Session

Persistently anemic weather-driven demand and weak spot prices once again weighed down natural gas futures on Friday, marking a fifth-consecutive day of losses and culminating a brutal week that saw the prompt month give up nearly 50 cents in total. The December Nymex contract shed 5.4 cents day/day and settled at $2.888/MMBtu on Friday. January…

November 6, 2020
December Natural Gas Futures Fall Further As Weather Worries Mount

December Natural Gas Futures Fall Further As Weather Worries Mount

BREAKING: U.S. EIA reports a natural gas withdrawal of 36 Bcf from storage for the week ending Oct 30, exceeding market expectations Natural gas futures fell for a third consecutive day Weak weather demand eclipsed robust liquefied natural gas levels Natural gas futures fell for a third consecutive day Wednesday as mild fall weather and…

November 5, 2020
Natural Gas Traders Take Breather, Await Clearer Weather Picture

Natural Gas Traders Take Breather, Await Clearer Weather Picture

Weather models struggling with chillier outlook Production higher as offshore output returns following Hurricane Delta Cash prices mixed as heat continues out West Natural gas futures headed lower Tuesday as morning weather models shifted warmer. Production moved considerably higher as well, sending the November Nymex gas futures contract down 2.6 cents to $2.855. December slipped…

October 14, 2020
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