Mexico

Ever since coming to power at the end of 2018, Mexico President Andrés Manuel López Obrador has promised to kill the energy reform of his predecessor Enrique Peña Nieto. With his recent proposal to drastically overhaul the energy sector through a constitutional amendment, is this on the cusp of happening? Analysts at political risk group…

Natural gas futures traded above $6.000/MMBtu to start the week as global supply concerns continued to infiltrate the U.S. gas market. With domestic gas demand at a seasonal low, however, early gains were pared and the November Nymex gas futures contract settled at $5.766, still up a significant 14.7 cents from Friday’s close. At A…

In another show of extreme volatility, natural gas futures came tumbling down on Friday as U.S. traders gave more weight to bearish fundamentals on the home front rather than escalating fears of a global supply shortage this winter. The November Nymex gas futures contract capped the week at $5.619, off 24.8 cents day/day. December plunged…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. Recent increases in…

Steady calls for U.S. exports and global supply worries outshined a robust government inventory print and forecasts for light domestic demand, sending natural gas futures higher on Thursday. At A Glance: The prompt month jumps 39 cents Supply concerns intensify in Europe Domestic demand fades The November Nymex contract, a day after shedding 40.3 cents…

U.S. natural gas futures facing Mexican buyers and sellers were a roller coaster this week as prices jumped early in the week as October rolled off the board followed by a dive on Wednesday when November took over as the front month. “Markets are very, very nervy,” a Mexico City-based trader told NGI’s Mexico GPI.…

Natural gas futures floundered on Wednesday as November took over as the front month and markets mulled waning weather-driven demand that could free up more domestic supply for storage ahead of winter. At A Glance: U.S. EIA on Thursday reported an injection of 88 Bcf natural gas into storage for the week ended Sept. 2Cash…

Wholesale propane prices at the main U.S. natural gas liquids (NGL) hub have reached their highest level in more than seven years amid tight global supply and strong demand, according to the latest government figures. The Energy Information Administration (EIA) said wholesale propane prices at Mont Belvieu, TX, increased to an average of $1.33/gal during…

Following a 56.6-cent gain to start the week, the October Nymex contract on Tuesday rose another 13.5 cents day/day and settled at $5.841/MMBtu before rolling off the board. November, which takes over as the prompt month on Wednesday, gained 14.9 cents to $5.880. At A Glance: October contract spikes on expiry Global tightness driving increased…