Mexico

Natural gas futures on Wednesday soared more than 10 cents early, then retreated into negative territory before flattening out and edging back up at the close of trading. The roller coaster action developed amid a decline in production and estimates for a relatively light storage increase, as well as an evolving weather picture and the…

Mexican state oil company Petróleos Mexicanos (Pemex) had restored 71,000 b/d of the roughly 421,000 b/d of oil production knocked offline by a fatal offshore platform fire as of Tuesday evening, according to CEO Octavio Romero Oropeza. In a video message posted late Tuesday night, Romero said Pemex expected to restore an additional 110,000 b/d…

Natural gas futures slipped several notches Tuesday as export demand weakened a bit and the latest data showed more seasonal weather ahead. The September Nymex contract settled 4.9 cents lower day/day at $3.896. October slipped 4.4 cents to $3.916. At A Glance: Temperatures seen easing next week LNG feed gas slides Heat sends cash higher…

Despite day/day production declines, natural gas futures were virtually unchanged early Wednesday as analysts highlighted risks to exports in the latest tropical weather outlook. After trading lower earlier in the morning, the September Nymex contract was up 0.3 cents to $3.919/MMBtu as of around 8:50 a.m. ET. The tropical weather outlook suggests risks to liquefied…

Mexico’s natural gas market needs storage capacity and foresees steady growth in consumption over the coming years, according to the latest Consulta Pública, or public consultation, conducted by Sistrangas national pipeline grid operator Centro Nacional de Control del Gas Natural (Cenagas). Cenagas engages each year with market participants to gauge their current and future gas…

Big fluctuations continued along the Nymex natural gas futures curve early Monday as traders wrestled with hotter shifts in the latest weather models and a step up in production. The September contract, which rolls off the board later this week, settled at $3.945, up 9.4 cents on the day. October also picked up 9.4 cents…

Petróleos Mexicanos (Pemex) CEO Octavio Romero Oropeza said five people died and two people remained missing as of Monday afternoon following a fire on the E-Ku-A2 platform in the Gulf of Mexico. The incident occurred Sunday afternoon in the Ku, Maloob and Zaap (KMZ) megafield. Oropeza said an investigation was underway to determine its cause.…

Petróleos Mexicanos (Pemex) CEO Octavio Romero Oropeza said five people died and two people remained missing as of Monday afternoon following a fire on the E-Ku-A2 platform in the Gulf of Mexico. The incident occurred Sunday afternoon in the Ku, Maloob and Zaap (KMZ) megafield. Oropeza said an investigation was underway to determine its cause.…

Capping off an extremely volatile week, natural gas futures recovered from the prior’s day modest downturn. With support from increased heat in the near-term outlook, the September Nymex gas futures contract on Friday finished 2.1 cents higher at $3.851. At A Glance: Heat seen returning to Lower 48 Wind generation behind bearish EIA data Cash…