Mexico

Lower-than-expected storage figure reflects chilly April weather Strong export demand also tightening up balances Current trajectory points to ‘dangerously low’ storage heading into next winter Natural gas futures prices strengthened Thursday after the latest government storage data pointed to continued tightness in the market. The May Nymex contract settled at $2.749, up 5.7 cents from…

As traders and analysts continued to work out the balance implications of a leaner-than-expected injection in the latest government inventory report, natural gas futures hovered close to even early Friday. Holding on to the previous session’s 5.7-cent gain, the May Nymex contract was trading 0.6 cents higher at $2.755/MMBtu at around 8:45 a.m. ET. The…

Mexico’s natural gas market is importing more U.S. supply as the country’s economy and its weather heat up for summer and peak demand. A single day U.S.-to-Mexico record was broken on April 14 when exports reached 7.1 Bcf/d, prompting analysts to adjust their import models upward. Wood Mackenzie revised higher its summer forecast made in…

BREAKING: U.S. EIA reports 38 Bcf injection into natural gas storage facilities for the week ending April 16 Production recovers, while LNG slips further Cold front boosts Northeast cash Natural gas futures continued to peel back midweek as production ticked higher and export demand retreated. Staring down a softer storage injection week/week, traders sent the…

Latin America’s national oil companies (NOCs) must perform a difficult balancing act as they seek to bounce back from the pandemic and shore up profits and reserves, a panel of experts said during a virtual event Tuesday. Oil “is at the heart of economic, social [and] fiscal issues in Latin America,” said Mauricio Cárdenas, who…

Production, LNG demand retreat Exports to Mexico tracking above projections, but summer heat still key Cold weather lifts Northeast cash prices After a meaningful step higher over the past week or so, natural gas futures steadied a bit on Tuesday and traded in a tight range. Small deviations in supply and demand ultimately sent the…

Only a few months after President Andrés Manuel López Obrador vowed to end his nation’s dependence on natural gas imports from the United States, Mexico’s need for Lower 48 gas is surging. April is usually a month of lower energy demand in Mexico, when natural gas infrastructure undergoes maintenance and gas imports drop, but this…

Exports to Mexico hit fresh highs Hike because of lower production, strong power burns and industrial demand LNG exports also near record levels Natural gas futures resumed their climb on Monday, buoyed by near-record export demand and the arrival of chilly weather. With the latest forecast extending and intensifying the cooler temperatures, the May Nymex…

Natural gas futures resumed their climb on Monday, buoyed by near-record export demand and the arrival of chilly weather. With the latest forecast extending and intensifying the cooler temperatures, the May Nymex contract settled 6.9 cents higher at $2.749. June climbed 6.4 cents to $2.818. Spot gas prices also moved higher in most areas outside…