natural gas production

Mexico Touts Multi-Billion Dollar Public-Private Natural Gas Projects

Mexico Touts Multi-Billion Dollar Public-Private Natural Gas Projects

Amid a global energy crunch, Mexico is set to go all in on natural gas with numerous public-private projects announced over the past week. Speaking at the launch of the Olmeca refinery in Dos Bocas, Comisión Federal de Electricidad (CRE) head Manuel Bartlett said the utility would partner with the local subsidiary of Canada’s TC…

July 5, 2022
Natural Gas Futures Recover Some Losses, but Further Downside Possible

Natural Gas Futures Recover Some Losses, but Further Downside Possible

In the aftermath of last week’s heavy sell-off, natural gas futures were trading lower early Tuesday as forecasts shed cooling demand over the weekend. The August Nymex contract was off 35.5 cents to $5.375/MMBtu as of around 8:45 a.m. ET. After a brutal slashing, natural gas bulls licked their wounds and managed to churn out…

July 5, 2022
Wounded Bulls Eke Out 30-Cent Gain for Natural Gas Futures, but Cash Dragged Lower

Wounded Bulls Eke Out 30-Cent Gain for Natural Gas Futures, but Cash Dragged Lower

After a brutal slashing, natural gas bulls licked their wounds and managed to churn out a respectable rebound along the natural gas futures curve to close out the week. The August Nymex futures contract settled Friday at $5.730/MMBtu, up 30.6 cents on the day. September futures climbed 32.0 cents to $5.712. At A Glance: Market…

July 1, 2022
Natural Gas Futures Take Beating, Drop $1-Plus on Storage, Freeport News

Natural Gas Futures Take Beating, Drop $1-Plus on Storage, Freeport News

Natural gas futures took one (actually two) on the chin Thursday as a larger-than-expected storage injection and an update regarding the Freeport liquefied natural gas (LNG) outage sent prices tumbling to levels not seen in months. The August Nymex futures contract plummeted $1.074 to $5.424/MMBtu. September lost $1.101 cents to land at $5.392. Spot gas…

July 1, 2022
Once Again, U.S. Tops in Natural Gas, Oil Production, Says BP

Once Again, U.S. Tops in Natural Gas, Oil Production, Says BP

The United States bested all countries last year for natural gas and oil production, according to BP plc’s annual energy review. U.S. natural gas output in 2021 climbed 2.3% year/year to 934.2 billion cubic meters (Bcm), according to BP’s 71st annual Statistical Review of World Energy.  Russia, in second place, produced 701.7 Bcm, and Iran…

June 30, 2022
August Natural Gas Futures Slip, but Fundamentals Still Point to More Upside

August Natural Gas Futures Slip, but Fundamentals Still Point to More Upside

Nymex natural gas futures, led now by the August contract, failed to hold onto early price gains amid weakening demand ahead of the holiday weekend. The August Nymex futures contract settled at $6.498/MMBtu, down 7.2 cents on the day. September futures slipped 6.4 cents to $6.493. At A Glance: BREAKING: U.S. EIA reports another larger-than-expected…

June 30, 2022
Mexico’s Natural Gas Demand Grew As Production Shrank in 2021, BP Says

Mexico’s Natural Gas Demand Grew As Production Shrank in 2021, BP Says

The gap between natural gas production and demand in Mexico continued to widen in 2021, according to the 71st edition of BP plc’s Statistical Review of World Energy published Tuesday. Mexico’s gas output fell to 29.2 billion cubic meters (Bcm) in 2021 from 30.5 Bcm in 2020 and 34 Bcm in 2019, researchers said.  The…

June 29, 2022
July Nymex Natural Gas Contract Expires Higher, Bullish Factors Persist

July Nymex Natural Gas Contract Expires Higher, Bullish Factors Persist

Natural gas futures extended their rally as a hotter long-range forecast, a dip in production and bullish technical momentum lifted the prompt month ahead of expiration. The July Nymex contract rolled off the board at $6.551/MMBtu, up 5.0 cents on the day. The August contract, which moves to the front of the Nymex curve on…

June 29, 2022
Natural Gas Futures Finish Higher After Volatile Session; Cash on the Rise

Natural Gas Futures Finish Higher After Volatile Session; Cash on the Rise

An early slide along the Nymex natural gas futures curve gave way to a technical bounce midday on Monday, ultimately boosting the July contract by 28.1 cents to a $6.501/MMBtu settlement. August futures climbed 26.5 cents to $6.546. Spot gas prices also were mostly higher after the weekend, even as temperatures moderated from the unusually…

June 28, 2022
Natural Gas Futures Pause, while Spot Gas Slides with Temperatures

Natural Gas Futures Pause, while Spot Gas Slides with Temperatures

Natural gas futures finished out the short week far quieter than only one day prior. After prices took a beating on verification that an outage at a key export terminal could drastically improve balances, the July Nymex gas futures contract settled on Friday at $6.220/MMBtu, only 1.9 cents lower day/day. Spot gas prices also continued…

June 27, 2022
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