Mexico

Fueled by stubbornly mild weather and an improved supply outlook, North American natural gas prices fell more than $1 from Monday to Wednesday and closed in on the $4.00/MMBtu mark for the first time since early summer. Even as gas prices in Europe continue at record levels, the North American supply/demand and pricing picture has…

Natural gas futures extended their losses for a third straight day as weather models continue to portray a pattern that is more reflective of springtime conditions than winter. After shedding more than 90 cents over the previous two sessions, the January Nymex gas futures contract plunged another 30.9 cents to settle at $4.258/MMBtu. Spot gas…

Natural gas futures tumbled further on Tuesday as traders looked past robust demand for U.S. exports and fixated on exceptionally light domestic weather demand expectations heading into December. The January Nymex contract dropped 28.7 cents day/day and settled at $4.567/MMBtu. February fell 26.2 cents to $4.506. At A Glance: Forecasters call for warm December Production…

Natural gas futures nosedived on Monday on forecasts for benign weather into December and worries about the possible effects of a new coronavirus variant on energy demand. At A Glance: Futures flop as new prompt month takes over Weather forecasts point to modest demand Cash prices drop in the Rockies, West The January Nymex contract,…

Mexican state power utility Comisión Federal de Electricidad (CFE) said Thursday it is developing a $4.5 billion project with energy ministry Sener and Sistrangas pipeline grid operator Centro Nacional de Control del Gas Natural (Cenagas) to expand natural gas access on the Yucatán Peninsula. A CFE spokesperson told NGI’s Mexico GPI that the project in…

Mexico’s state power utility Comisión Federal de Electricidad (CFE) has avoided substantial variable generation costs and greenhouse gas emissions by purchasing clean energy through competitive auctions, according to a new study commissioned by the Institute of the Americas think tank. Former Comisión Reguladora de Energía (CRE) Chairman Francisco Salazar and former CRE Commissioner Francisco Barnes…

Natural gas futures forged higher on Tuesday, recovering much of the ground lost a day earlier, as markets shifted attention to European supply woes and expectations for robust demand for U.S. exports of liquefied natural gas (LNG) through winter. At A Glance: BREAKING: U.S. EIA reports withdrawal of 21 Bcf for week ending Nov. 19…

Natural gas futures floundered Monday as the prospect of a coronavirus resurgence and the potential for weak weather demand extending into December weighed on markets. At A Glance: Forecasts point to light weather-driven demand next month New coronavirus outbreaks threaten energy consumption Northeast spot prices stood apart, spiking amid regional demand The December Nymex contract…

Mexican President Andrés Maneul López Obrador, joined by U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau on Thursday pledged to create a “North American strategy on methane and black carbon” during a trilateral summit in Washington, DC. The strategy will aim “to reduce methane emissions from all sectors, especially oil and gas,” the…