Markets

Natural gas futures ended the week lower, with traders left uninspired by the arrival of chilly weather in the coming days across the Lower 48. With recent government inventory data pointing to continued looseness in supply/demand balances, the April Nymex gas futures contract settled Friday at $2.430/MMBtu, off 11.3 cents on the day. At A…

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. According to the Hydrocarbons Information System (SIH), part of the Comisión Nacional de Hidrocarburos (CNH), the Quesqui field in Mexico’s southeast began…

Natural gas prices are set to remain strong for September baseload gas amid domestic supply concerns and surging global prices ahead of the peak winter season, NGI’s Bidweek Alert (BWA) data showed. The majority of U.S. locations escaped wild swings month/month, but the hikes to already elevated prices are noteworthy given moderating weather across much…

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…

With global benchmark oil prices already hovering around $80/bbl on strong demand early in the year — despite a surge in coronavirus cases — analysts said consumption could reach record levels this year and potentially drive the cost of crude into the triple digits.

Mexico’s CFEinternacional (CFEi) reported a 13% year/year increase in marketed natural gas volumes during the third quarter, according to the latest NGI Top North American Natural Gas Marketers ranking. CFEi, the international fuel marketing arm of state power utility Comisión Federal de Electricidad (CFE), transacted 3.77 Bcf/d during 3Q, up from 3.33 Bcf/d in the…

Lofty oil and natural gas prices played outsized roles in fueling spikes in inflation this year. November proved no exception, with price increases reaching a pace last recorded nearly four decades ago. The U.S. Bureau of Labor Statistics (BLS) said Friday the consumer price index surged 6.8% in November from the same month a year…

Even as demand and prices soared, leading North American natural gas marketers posted uneven results and lower collective sales volumes for the third quarter.  The downward slide continued a trend dating to production curtailments imposed by the coronavirus pandemic in 2020, according to NGI’s quarterly tally. Several marketers reported robust gains in the quarter, however,…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 88 Bcf natural gas into storage for the week ended Sept. 24. The result barely exceeded the midpoint of analysts’ estimates, but it was not high enough to curb upward pressure on Nymex natural gas futures. Ahead of the EIA report, the November…