Natural gas futures were choppy Tuesday. Prices swung sharply higher early on the increasing potential for cold weather to linger into early March, but then retreated significantly as part of a broader commodities sell-off amid easing political tensions. The last half hour of trading brought another surge following the latest weather data, with the March…
Mexico
Articles from Mexico
Bears in Control as Natural Gas Future Slide Again; Brief Cold Snap Boosts Northeast Cash
Roses are red and so were natural gas futures on Friday as selling action continued along the Nymex curve. A steadily warming February forecast proved too much for bulls to overcome, with the rising temperatures likely preventing a much deeper drawdown of storage inventories heading toward the end of the traditional withdrawal season. The March…
Natural Gas February Contract Sees ‘Wild Expiration’ as Prices Rise Almost $2 – Mexico Spotlight
U.S. natural gas futures prices key to the Mexico market soared this week on the back of colder forecasts and rising geopolitical tension in Europe. On Thursday, the expiring February New York Mercantile Exchange gas futures contract went out with a bang. It surged briefly above $7.00/MMBtu before settling at $6.265, up almost $2.00 on…
Mexico Natural Gas, Oil Output Flat in 2021 as U.S. Imports Surge
Mexico reported essentially flat growth in natural gas and oil production in 2021 as gas imports from the United States continued to surge. Mexico’s gas output averaged 3.85 Bcf/d for the full year, versus 3.84 Bcf/d in 2020, according to data from upstream regulator Comisión Nacional de Hidrocarburos (CNH). State oil company Petróleos Mexicanos (Pemex)…
Mexico Exports Slip in 4Q, but Kinder Morgan Gains on Higher Natural Gas Prices, LNG Deliveries
Stronger natural gas prices lifted Kinder Morgan Inc. results in the fourth quarter and propelled physical liquefied natural gas (LNG) deliveries higher by 33%. Executive Chairman Richard Kinder and CEO Steven Kean helmed a conference call last week to discuss fourth quarter and full-year 2021 results. The company recovered sharply in the final three months…
Mexican Consumer Prices to Rise if Electricity Proposal Passes, Baker Institute Director Says
“I think people are in for a very big surprise if they allow the Mexican government to monopolize the electricity sector; it’s simply not going to do Mexicans any favors in terms of efficiency, competition, low prices, or capital investment,” Tony Payan, Director of the Center for the United States and Mexico at Rice University’s…
‘Volatility Here to Stay’ as Global Natural Gas Demand Gains Prominence – Mexico Spotlight
North America natural gas futures continued to be unpredictable this week as cold weather descended across the Lower 48, while demand for U.S. gas in Europe and Mexico continued to rise. The February Nymex gas futures contract lost 25.2 cents day/day on Wednesday and closed at $4.031/MMBtu. March fell 20.3 cents to $3.845. Upcoming bursts…
Despite Demand Drivers, February Natural Gas Futures Flounder
Natural gas futures dived lower Wednesday even as demand for U.S. exports held strong, forecasts called for the harshest freeze of the winter and analysts expected a hefty storage withdrawal. The February Nymex gas futures contract lost 25.2 cents day/day and settled at $4.031/MMBtu. March fell 20.3 cents to $3.845. At A Glance: BREAKING: U.S.…
Mexico’s CFE Set to Launch Natural Gas Pipeline Tenders
Mexican state power utility Comisión Federal de Electricidad (CFE) is seeking private sector firms to build new natural gas infrastructure and utilize capacity on its existing pipelines, executives said Wednesday. Speaking at Industry Exchange LLC’s 7th Mexico Infrastructure Projects Forum in Monterrey, Nuevo León, CFE Internacional (CFEi) operations director Carmen Serdán and CFEnergía operations director…
With Production Down and Demand Poised to Mount, February Natural Gas Futures Gain Ground
Natural gas futures crept higher Tuesday, as traders assessed colder near-term weather patterns, export strength and expectations for increased storage draws against the potential for warmer weather next month. The February Nymex gas futures contract settled at $4.283/MMBtu, up 2.1 cents day/day. March, however, dipped 3.3 cents to $4.048. NGI’s Spot Gas National Avg. dropped…