Mexico

Natural gas futures on Thursday reached a 2021 high for a third straight session, bolstered by still weak production levels following Hurricane Ida and fresh government inventory data that punctuated worries about anemic storage supplies. At A Glance: Futures post third straight gain EIA reports weak storage result Spot prices up for second day The…

Storms and accidents have rocked Mexico’s natural gas market in recent weeks, with buyers now faced with the highest prices to date through the end of the year. Given the uncertainty over Hurricane Ida’s toll on U.S. Gulf of Mexico (GOM) natural gas supply and overall demand destruction, NGI’s September Bidweek National Avg. jumped 24.0…

Natural gas futures jumped higher Wednesday, building on the prior day’s gains, as traders absorbed news of the production disruption imposed by Hurricane Ida and fixated on the specter of inadequate inventories ahead of winter. At A Glance: U.S. E.I.A. on Thursday reported an injection of 20 Bcf natural gas into storage for the week…

Mexico’s highly touted Ixachi and Quesqui natural gas fields are producing below their stated targets amid historically high natural gas prices, according to the latest data from upstream regulator Comisión Nacional de Hidrocarburos (CNH). Discovered in 2017 by state oil company Petróleos Mexicanos (Pemex), Ixachi had been forecasted to reach peak production of 638.5 MMcf/d…

Natural gas traders flipped the script on futures pricing Tuesday, with the near-term prospects of another small storage injection stealing the limelight — at least temporarily — from former Hurricane Ida’s crushing toll on demand. The October Nymex contract plunged as much as 9.0 cents lower day/day, but it found support and rebounded sharply to…

Mexico’s industrial center Monterrey was once again picked as the best location for a domestic price index in the fifth survey of the natural gas market undertaken by NGI’s Mexico GPI. The survey, conducted in August, received 30 responses from buyers and sellers in Mexico, compared to 23 for the March survey. While most natural…

Though still early for a full assessment of former Hurricane Ida, natural gas futures traders on Monday focused squarely on the destruction of natural gas demand brought about by the catastrophic Category 4 storm. The October Nymex gas futures contract, on its first day in the prompt position, settled at $4.305, off 8.3 cents from…

Mexico’s CFEnergía (CFE) is seeking formal expressions of interest from private sector firms to build and operate a natural gas pipeline and floating liquefied natural gas (FLNG) terminal.  The 500 MMcf/d pipeline would span from Chinameca, Veracruz, to Salina Cruz, Oaxaca, supplying gas to a 430 MMcf/d or 3 million metric tons/year (mmty) FLNG terminal…

Natural gas futures pulled back in early trading Monday as the market began to take stock of the damage caused by Hurricane Ida, which made landfall along the Louisiana coast over the weekend to devastating effect. At A Glance: Ida knocks off GOM production Storage trajectory worrisome Lingering heat fuels cash This was after natural…