NGI Mexico GPI

Mexico’s natural gas market is still in its early stages and suffers from a lack of competition, but that’s not too far from how things were in the United States when the market started, according to Mercuria Energy Co.’s Charles Blanchard. Blanchard, head of North American natural gas research, recently published an exhaustive study on…

BREAKING: U.S. EIA reports an injection of 61 Bcf natural gas storage for the week ended April 9, coming in below median estimates May Nymex contract settled at $2.618/MMBtu on Wednesday, down just one-tenth of a cent day/day Natural gas futures traded in the green much of Wednesday, lifted by colder weather trends that pointed…

The Organization of the Petroleum Exporting Countries (OPEC) on Tuesday formally raised its expectations for global oil demand in 2021, citing expectations for a recovery from the pandemic and stronger economic growth. In its Monthly Oil Market Report (MOMR), the cartel projected demand would rise by 5.95 million b/d this year, a nearly 7% increase…

Robust liquefied natural gas volumes boosted sentiment Chilly weather drove stronger heating demand Cash prices climbed as temperatures fell Natural gas futures advanced again Tuesday as robust liquefied natural gas (LNG) levels fueled demand optimism and a dose of chilly weather bolstered cash prices.  The May Nymex contract climbed 5.8 cents day/day and settled at…

Mexico’s antitrust watchdog Comisión Federal de Competencia Económica (Cofece) has sent a letter to Mexico’s Congress decrying proposed changes to the nation’s Ley de Hidrocarburos, or Hydrocarbons Law. “We recommend the reform to the Hydrocarbons Law isn’t approved,” President Jana Palacios said on Twitter. She suggested the proposed changes would be damaging to competition in…

Cold front, strong LNG combine to lift natural gas futures again Early estimates point to storage build in high 60s Bcf later this week President Biden to host virtual summit on climate change for global leaders Natural gas futures advanced for a fourth consecutive session on Monday as a bout of chilly spring weather was…

Mexican state oil company Petróleos Mexicanos (Pemex) could hinder the country’s economic recovery prospects if the government does not shift course, according to new analysis by Rice University’s Baker Institute for Public Policy. In an issue brief published Friday, authors Tony Payan and José Iván Rodríguez-Sanchez argued that four pillars sustain Mexico’s economy: manufacturing, remittances,…

Slow day for natural gas futures as weather models maintain generally bearish forecast Coming week could see stronger demand in Midwest, East Cash prices fall further on East Coast Natural gas futures action was quiet on Friday, with traders content leaving their positions intact amid little fresh news to drive prices one way or the…

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. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…