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As OPEC Cuts Take Force, Mexico Oil Production Falls in May

As OPEC Cuts Take Force, Mexico Oil Production Falls in May

Mexico’s oil production fell to 1.64 million b/d in May compared to 1.66 million b/d in the year-ago period, according to new data provided by the country’s upstream watchdog Comisión Nacional de Hidrocarburos (CNH). Gas production in May was 3.61 Bcf/d, down from 3.82 Bcf/d last May. The figures are the first to reflect committed…

July 1, 2020
Mexican Oil, Natural Gas Production Down in May as OPEC Cuts Take Force

Mexican Oil, Natural Gas Production Down in May as OPEC Cuts Take Force

Mexico’s oil production fell to 1.64 million b/d in May compared to 1.66 million b/d in the year-ago period, according to new data provided by the country’s upstream watchdog Comisión Nacional de Hidrocarburos (CNH). Gas production in May was 3.61 Bcf/d, down from 3.82 Bcf/d last May. The figures are the first to reflect committed…

June 29, 2020
Oil Market Tightening Said Imminent As OPEC-plus Extends Cuts Another Month

Oil Market Tightening Said Imminent As OPEC-plus Extends Cuts Another Month

The Organization of the Petroleum Exporting Countries and its allies, aka OPEC-plus, on Saturday agreed to extend May and June oil supply cuts for another month to continue rebalancing an oversupplied global crude market.

June 8, 2020
OPEC, Allies Extend Supply Cuts Another Month, Signaling Tightened Market Ahead

OPEC, Allies Extend Supply Cuts Another Month, Signaling Tightened Market Ahead

The Organization of the Petroleum Exporting Countries and its allies, aka OPEC-plus, on Saturday agreed to extend May and June oil supply cuts for another month to continue rebalancing an oversupplied global crude market.

June 8, 2020
Q&A with John Padilla on Mexico’s Natural Gas Market Development — Bonus Coverage

Q&A with John Padilla on Mexico’s Natural Gas Market Development — Bonus Coverage

Editor’s Note: Please enjoy this bonus coverage from NGI’s Mexico Gas Price Index, which includes daily prices, analysis and coverage of the emerging natural gas market in Mexico. NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following question-and-answer (Q&A) column as part of a regular interview series with experts in the Mexican natural gas market.

April 22, 2020
Muted Response From U.S. Oil Prices After OPEC Supply Deal, Reflecting Challenges Ahead

Muted Response From U.S. Oil Prices After OPEC Supply Deal, Reflecting Challenges Ahead

U.S. oil prices reacted tepidly on Monday to an agreement by the Organization ofthe Petroleum Exporting Countries (OPEC) and its allies to slash output by an unprecedented 9.7 million b/d during May and June, illustrating the formidable challenge posed to the market by the Covid-19 pandemic.

April 13, 2020
Muted Response From U.S. Oil Prices After OPEC Supply Deal, Reflecting Challenges Ahead

Muted Response From U.S. Oil Prices After OPEC Supply Deal, Reflecting Challenges Ahead

U.S. oil prices reacted tepidly on Monday to an agreement by the Organization ofthe Petroleum Exporting Countries (OPEC) and its allies to slash output by an unprecedented 9.7 million b/d during May and June, illustrating the formidable challenge posed to the market by the Covid-19 pandemic.

April 13, 2020
Saudi Oil Alliance One Possibility to End Global Price War, Says Brouillette

Saudi Oil Alliance One Possibility to End Global Price War, Says Brouillette

The Trump administration is considering a host of potential resolutions to the oil price war currently wreaking havoc on global markets, including luring Saudi Arabia away from the Organization of the Petroleum Exporting Countries (OPEC) and into an alliance with the United States, according to U.S. Energy Secretary Dan Brouillette.

March 24, 2020
U.S. Should Embargo Russian, OPEC Oil, Says North Dakota Senator

U.S. Should Embargo Russian, OPEC Oil, Says North Dakota Senator

The United States should embargo oil from Russia and Organization of the Petroleum Exporting Countries (OPEC) nations in response to their efforts “to distort energy markets,” according to Sen. Kevin Cramer (R-ND).

March 20, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight

March 11, 2020
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