natural gas demand

Natural gas futures surged on Monday as a new tropical storm threatened to further shake the Gulf of Mexico’s (GOM) production foundation, a development that could hamper supply/demand balances at a time when gas in storage for winter is already light. At A Glance: Nicholas threatens output GOM production still off Cash prices climb The…

Natural gas futures gathered even more momentum on Thursday, reaching a seven-year high as production remained weak in Hurricane Ida’s aftermath and the latest government inventory report confirmed a tight supply/demand balance. At A Glance: Futures forge past $5.00 mark EIA reports 52 Bcf storage injection Western spot prices fall back Ida “amplified already heightened…

A trio of natural gas sector participants on Wednesday called for the opening of capacity and increased flexibility in the Mexican market. Speaking at the Mexico Gas Summit hosted by Industry Exchange LLC in San Antonio, TX, Royal Dutch Shell plc’s Alejandro Reyes said “the pipelines are there, but we can’t fully utilize or optimize…

Natural gas futures stumbled in post-Labor Day trading as the market proved unable to sustain recent highs even as Gulf of Mexico (GOM) production outages lingered. Forecasts for balmy mid-September temperatures did little to incentivize buying interest, and the October Nymex contract fell 14.4 cents to settle at $4.568/MMBtu. At A Glance: Production slowly on…

Natural gas futures rallied for a fourth consecutive day, reaching a new 2021 high on Friday as the vast majority of Gulf of Mexico (GOM) production remained offline in the wake of Hurricane Ida and traders continued to mull supply/demand imbalance concerns. At A Glance: The prompt rallies four straight days GOM production weak in…

As analysts and traders mulled continuing signs of tightness in the supply/demand balance from the latest government inventory data, natural gas futures advanced several cents in early trading Friday. The October Nymex contract was up 6.3 cents to $4.704/MMBtu at around 8:50 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 20 Bcf…

Mexico’s industrial center Monterrey was once again picked as the best location for a domestic price index in the fifth survey of the natural gas market undertaken by NGI’s Mexico GPI. The survey, conducted in August, received 30 responses from buyers and sellers in Mexico, compared to 23 for the March survey. While most natural…

Natural gas futures reached for the stars Friday, exploding higher for a second day as Hurricane Ida appeared to be steering clear of liquefied natural gas (LNG) export facilities as she churned toward the Gulf Coast. The Nymex September contract rolled off the board at $4.370, up 18.6 cents day/day and up 47.3 cents over…

Mexico’s natural gas market needs storage capacity and foresees steady growth in consumption over the coming years, according to the latest Consulta Pública, or public consultation, conducted by Sistrangas national pipeline grid operator Centro Nacional de Control del Gas Natural (Cenagas). Cenagas engages each year with market participants to gauge their current and future gas…