Mexico natural gas prices jumped to $3.74/MMBtu in May compared to April prices of $3.38 and year-ago prices of $2.37, according to the latest IPGN monthly index published by the Comisión Reguladora de Energía (CRE). The May prices were the highest monthly prices reported in Mexico in the last 12 months, with the exception of…
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Articles from Mexico
Natural Gas Futures Rally on Returning LNG Demand, Production Revisions
Natural gas futures roared back midweek as export demand rose sharply following maintenance and production dipped lower for the second straight day. The July Nymex gas futures contract surged 7.5 cents day/day to $3.333. The August contract picked up 7.5 cents to $3.352. Spot gas increases also became more widespread ahead of warmer weather on…
Mexico’s Pemex said Poorly Positioned to Capitalize on Oil Price Rally
As major economies across the globe emerge from the doldrums of the pandemic and travel surges, oil prices could further spike and reach $100/bbl by next year, according to the most bullish Wall Street forecast yet this year. It could also mark the final surge in oil prices, however, as pressure intensifies on energy companies…
Production, Weather Data Drive Natural Gas Futures Price Recovery
The changes in supply and demand that brought natural gas futures down a few notches to start the week provided some uplift to the market on Tuesday. A large decline in production, though likely temporary, along with a warmer turn in the latest weather models sent the July Nymex gas futures contract up 6.7 cents…
Natural Gas Futures Rally as Pipeline Work Reduces Production; Cash Recovers
The changes in supply and demand that brought natural gas futures down a few notches to start the week provided some uplift to the market on Tuesday. A large decline in production, though likely temporary, along with a warmer turn in the latest weather models sent the July Nymex gas futures contract up 6.7 cents…
Natural Gas Futures Inch Lower on Climbing Supply, Lagging Demand
A weaker weather pattern seen for the coming two weeks coupled with rising production to send natural gas futures prices sliding on Monday. The July Nymex gas futures contract settled at $3.191, off 2.4 cents from Friday’s close. August slipped 2.1 cents to $3.215. Spot gas prices were mostly lower too, with strong demand mainly…
Mexico’s CFEi Slips Two Spots in NGI’s 1Q2021 Natural Gas Marketer Survey, but Volumes Hold Steady
Mexico’s CFE International (CFEi) slipped three spots quarter/quarter in NGI’s Top North American Natural Gas Marketers rankings for 1Q2021, which ranks marketers by sales volumes. CFEi, the fuel importing and marketing arm of state power utility Comisión Federal de Electricidad (CFE), ranked 15th at 3.31 Bcf/d, versus 12th at 3.32 Bcf/d in 4Q2020. Since Mexico’s…
July Natural Gas Futures, Cash Prices Fizzle
Natural gas futures faltered on Friday as weather forecasts for the week ahead and a storm in the Gulf of Mexico (GOM) presented the specter of demand loss. The overhang of a strange government inventory report and Federal Reserve policymakers’ nod toward higher interest rates also cast shadows over the market at the close of…
COLUMN: Natural Gas Makes it to Baja California Sur, a Lesson for Underserved Mexican States
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico’s natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Baja California is a very long peninsula, but in economic terms, especially on its southern end, the flow of goods and services…
Mexico Natural Gas Market Spotlight: Summer Natural Gas Prices Still Sizzling
The July Nymex contract on Thursday rose for the seventh time in eight trading sessions to $3.253/MMBtu, up two-tenths of a cent day/day, as temperatures across the United States rose and demand for natural gas across many parts of the world remained strong. “We remain on pace to come close to record hot levels for…