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Natural Gas Prices Continue Hot Streak as Uncertain Winter Looms – Mexico Spotlight

Natural Gas Prices Continue Hot Streak as Uncertain Winter Looms – Mexico Spotlight

U.S. natural gas forward prices for November stayed in the range between $5.00 and $6.00/MMBtu this week as European and Asian energy markets continued to pressure the global benchmarks. “Despite these prices, natural gas demand is high,” a Mexico City-based gas buyer told NGI’s Mexico GPI. Imports from the United States rose week/week. On Thursday,…

October 14, 2021
Natural Gas Futures Stage Late Rally Despite Further Shrinking Expected in U.S. Storage Deficits

Natural Gas Futures Stage Late Rally Despite Further Shrinking Expected in U.S. Storage Deficits

Traders struggled to put a fair price on natural gas futures Wednesday amid conflicting signals in the United States and overseas. After plunging to a $5.350/MMBtu intraday low, however, a cooler turn in the latest weather models lifted the November Nymex gas futures contract, which settled 8.5 cents higher day/day to $5.590. December climbed 9.0…

October 14, 2021
Natural Gas Futures Find New Footing to End Losing Streak

Natural Gas Futures Find New Footing to End Losing Streak

Following a steep loss to start the week, natural gas futures recovered some ground Tuesday and finished ahead on the day as traders bet that recent market selloffs were overdone. This ended a two-day losing streak dating to last week. At A Glance: Futures end two-day skid Global supply challenges could fester Outlook points to…

October 13, 2021
LNG Growth Said Creating Competitive Global Natural Gas Markets

LNG Growth Said Creating Competitive Global Natural Gas Markets

Turbulence in natural gas pricing facing buyers across the globe is not a sign of an energy system breakdown but rather is a part of the ongoing creation of competitive markets, according to Carina Energy Consulting’s Sam Andrus.  A veteran trader and analyst with decades of experience in the natural gas business, Andrus spoke on…

October 12, 2021
Natural Gas Futures Trade in 50-Cent Range, but Settle Lower; Cash Mixed on Chilly West

Natural Gas Futures Trade in 50-Cent Range, but Settle Lower; Cash Mixed on Chilly West

After testing some upside in overnight trading, natural gas futures reversed course once Monday’s trading session got underway. The initial rise in prices was attributed to cooler-trending weather models, which ultimately did little to alter the overall warm theme seen this fall. The November Nymex gas futures contract slid 22.0 cents to $5.345. December fell…

October 12, 2021
Natural Gas Futures Fall Again to Close Week; First Snow Fails to Spark Cash Trading

Natural Gas Futures Fall Again to Close Week; First Snow Fails to Spark Cash Trading

After another week of turbulent swings in the natural gas market, bulls and bears appeared ready to take a breather on Friday. November Nymex gas futures still gyrated in a more than 30-cent range, but were poised to settle nearly flat on the day before a late-session sell-off ended with the contract off 11.2 cents…

October 11, 2021
Mexico Energy Industry ‘Standing on Edge of Cliff,’ Veteran Expert Says

Mexico Energy Industry ‘Standing on Edge of Cliff,’ Veteran Expert Says

“I feel like Mexico is really standing at the edge of a cliff and deep down at the dark bottom of that cliff is Venezuela,” said Marcelo Mereles Gras, veteran Mexico energy expert and partner at HCX Hydrocarbon Exchange, in reference to the legislation proposed by President Andrés López Obrador on Oct. 1 to undo…

October 8, 2021
Natural Gas Futures Unchanged Despite Wild Intraday Swings Following EIA Data

Natural Gas Futures Unchanged Despite Wild Intraday Swings Following EIA Data

With European natural gas prices continuing to sell off and U.S. fundamentals remaining firmly in bear territory following the government’s latest storage report, futures prices slid early. The November Nymex contract touched a $5.393/MMBtu intraday low but popped quite a bit given little change in the global backdrop, settling Thursday at $5.677, up two-tenths of…

October 8, 2021
European Volatility Impacting North American Natural Gas Prices – Mexico Market Spotlight

European Volatility Impacting North American Natural Gas Prices – Mexico Market Spotlight

Volatility continued to rock the Mexican natural gas market this week as North American prices came under the influence of wildly unpredictable Asian and European fundamentals. “Rallying, volatile U.S. benchmarks are creating anxiety in Mexico’s industrial sector, where gas demand is more correlated than ever,” Wood Mackenzie’s Ricardo Falcón told NGI’s Mexico GPI. U.S. benchmarks…

October 7, 2021
Natural Gas Futures Stumble on Cooling European Market, Soft Domestic Fundamentals; Cash Slips

Natural Gas Futures Stumble on Cooling European Market, Soft Domestic Fundamentals; Cash Slips

There was no getting off the world’s scariest roller coaster on Wednesday. After blasting to a $6.466/MMBtu intraday high, November natural gas prices plummeted all the way back down to $5.663. The prompt Nymex contract ultimately settled at $5.675, off 63.7 cents from Tuesday’s close. December plunged to $5.803. At A Glance: BREAKING: U.S. EIA…

October 7, 2021