The Mexican government said its third auction to offer oil and natural gas lease blocks for development was its most successful to date, with peak production from the 25 onshore fields expected to reach 77,000 boe/d and bring in $1.1 billion of investment over the next 25 years.
Markets
Articles from Markets
CFTC Imposes $3.2B-Plus in Sanctions in 2015
Total monetary sanctions handed down by the Commodity Futures Trading Commission (CFTC) this year totaled more than $3.2 billion, including an $800 million sanction, the largest in the commission’s history, according to Chairman Timothy Massad.
December 16, 2015
NatGas Market Not Yet Stable, Says Analyst; January Retreats Another 3 Cents
Physical natural gas for Thursday delivery advanced Wednesday as gains in the Midwest, Midcontinent and the East were able to tug slower performing regions such as California higher. The NGI National Daily Spot Gas Average rose 7 cents to $1.74, but futures were not as fortunate, posting their sixth loss in a row aided and abetted by forecasts of ever warming temperatures.
December 16, 2015
2016 Pricing Seen Sharply Lower; January Futures Called Down A Penny
January natural gas is set to open a penny lower Wednesday morning at $1.81 as traders have to swallow yet another near-term weather forecast calling for additional moderation. Overnight oil markets were mixed.
December 16, 2015
New Weather Data? New Moderation; January Called Down 4 Cents
January natural gas is expected to open 4 cents lower Tuesday morning at $1.85 as forecasters scouring recent weather data discover another episode of moderating temperatures. Overnight oil markets were mixed.
December 15, 2015
Cash NatGas Grinds Higher, Yet Futures Post Another Multi-Year Low
Physical natural gas for Wednesday delivery, on average, gained ground in Tuesday’s trading as supportive power prices and forecasts of increased power demand provided a firm foundation to make power generation purchases.
December 15, 2015
Forecast Heating Degree Days Slipping; January Called 12 Cents Lower
January natural gas is set to open 12 cents lower Monday morning at $1.87 as weather models over the weekend turned much more moderate. Overnight oil markets plunged as well. Equity markets, in turn, are expected lower.
December 14, 2015
Physical NatGas Slips 6 Cents; Futures Probe 14-Year Lows
Physical gas for Tuesday delivery carried on with the kind of losses incurred in Friday for weekend trading, despite near-term temperature forecasts at eastern points expected to take a drop by midweek. Some eastern points were significantly higher, but the NGI National Spot Gas Average fell 6 cents to $1.64.
December 14, 2015
No Change in Weather; January Sub $2
January natural gas is expected to open 5 cents lower Friday morning at $1.96 as the persistent drumbeat of mild temperature forecasts continues to overwhelm fundamental market shifts. Overnight oil markets fell.
December 11, 2015
State Orders More Data, Gas Capture on Leaking SoCalGas Storage Well
California’s oil/natural gas supervisor late Thursday issued a second emergency order aimed at getting faster gas capture and additional data on the seven-week-old underground storage well leak from Sempra Energy’s Southern California Gas Co. (SoCalGas) Aliso Canyon facility on the northern edge of a Los Angeles suburb.
December 11, 2015
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