natural gas prices

Natural Gas Futures Extend Rally Early as Nicholas Seen Bearing Down on Houston

Natural Gas Futures Extend Rally Early as Nicholas Seen Bearing Down on Houston

Tight domestic balances, strength in global prices and a tropical cyclone churning along the coast of Texas gave traders plenty to ponder early Tuesday as natural gas futures continued their ascent. After rallying 29.3 cents in the previous session, the October Nymex contract was up another 10.3 cents to $5.334/MMBtu at around 8:50 a.m. ET.…

September 14, 2021
Pricing Transparency ‘An Asset for Everybody’ in Mexico Natural Gas Market, Expert Says

Pricing Transparency ‘An Asset for Everybody’ in Mexico Natural Gas Market, Expert Says

Market players and the government each have roles to play in creating a more liquid, transparent natural gas market in Mexico, according to Eduardo Prud’homme, cofounder of the Gadex energy consultancy. Prud’homme assessed the state of play in Mexico in the latest episode of NGI’s Hub and Flow podcast. Buyers and sellers of natural gas…

September 13, 2021
Natural Gas Futures, Cash Prices Pull Back; Storage Worries Persist

Natural Gas Futures, Cash Prices Pull Back; Storage Worries Persist

Natural gas futures gave up ground on Friday as traders took profits following a frenzied rally that saw the prompt month surge more than 46 cents over the two prior trading sessions. The catalysts for the spikes remained firmly in place: Light production in Hurricane Ida’s wake and festering concerns about inadequate storage ahead of…

September 13, 2021
Listen Now: NGI’s Hub & Flow Dives into Latest Mexico Natural Gas Market Survey

Listen Now: NGI’s Hub & Flow Dives into Latest Mexico Natural Gas Market Survey

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI’s Mexico and Latin America Senior Editor Christopher Lenton sits down with Mexico natural gas expert, Gadex consultant and NGI columnist Eduardo Prud’homme to discuss NGI’s most recent Mexico market survey. The podcast dives into the evolving Mexico market…

September 13, 2021
Natural Gas Futures Rally Amid Uncertainty of Tropical Storm Nicholas Impacts

Natural Gas Futures Rally Amid Uncertainty of Tropical Storm Nicholas Impacts

Natural gas futures surged higher in early trading Monday as traders and analysts gauged the potential energy impacts of another tropical cyclone bearing down on the Gulf Coast in the wake of Hurricane Ida. As of around 8:50 a.m. ET, the October Nymex contract had rallied 23.8 cents to $5.176/MMBtu. Tropical Storm Nicholas was on…

September 13, 2021
October Natural Gas Futures Retreat, but Supply Concerns Fester; Cash Slides

October Natural Gas Futures Retreat, but Supply Concerns Fester; Cash Slides

Natural gas futures gave up ground on Friday as traders took profits following a frenzied rally that saw the prompt month surge more than 46 cents over the two prior trading sessions. The catalysts for the spikes remained firmly in place: Light production in Hurricane Ida’s wake and festering concerns about inadequate storage ahead of…

September 10, 2021
October Natural Gas Futures Extend Rally as Storage Worry Mounts

October Natural Gas Futures Extend Rally as Storage Worry Mounts

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…

September 10, 2021
Mexico Energy Sector Said Still Open for Business as Players Prepare for Future

Mexico Energy Sector Said Still Open for Business as Players Prepare for Future

Mexico’s energy sector has faced a difficult past three years which have seriously dented investor appetite, but the country still offers opportunities and the future could be bright, industry insiders said Tuesday at the Mexico Gas Summit hosted by Industry Exchange LLC in San Antonio, TX. The Woodrow Wilson International Center’s Duncan Wood said that…

September 10, 2021
Natural Gas Futures Hold Above $5 Early Amid Tight Balances, Warm Temps

Natural Gas Futures Hold Above $5 Early Amid Tight Balances, Warm Temps

Natural gas futures held onto most of their recent gains in early trading Friday as analysts highlighted tight balances, warm September temperatures and global price trends as drivers of bullish sentiment. The October Nymex contract was down 2.2 cents to $5.009/MMBtu at around 8:55 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday reported…

September 10, 2021
Mexico Natural Gas Market Spotlight: Amid Soaring Prices, Users Clamor for Capacity

Mexico Natural Gas Market Spotlight: Amid Soaring Prices, Users Clamor for Capacity

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…

September 9, 2021