NGI Mexico GPI

The new bilateral relationship between Mexico and the United States under President Biden could lead to discord between the two states in energy and trade matters. “There are many diplomatic challenges and opportunities under the Biden administration in Mexico,” Signos Vitales consultant Enrique Cárdenas said during a virtual webinar organized by the Wilson Institute’s Mexico…

March futures barely budge despite coldest weather in years Prices seen needing to be higher to incentivize storage refill Cash retreats from recent highs, but Northeast still strong Weather model volatility left natural gas traders flummoxed on Monday, with double-digit increases early in the session nearly erased by the close. With the frigid cold descending…

Proposed legislation in Mexico to favor state utility Comisión Federal de Electricidad (CFE) in the electricity dispatch order should not be viewed as bullish for the natural gas market, despite CFE’s plans to add more gas-fired capacity over the coming years, according to local energy consultant David Rosales.  The bill supported by President Andrés Manuel…

Latest weather data sends natural futures into the red Outlook still frigid and big storage draws expected Cash surges as polar freeze blankets much of U.S. Natural gas futures rallied early Friday, surpassing the coveted $3.000 mark as an already frigid forecast shifted notably colder overnight. However, the gains failed to hold as the long-range…

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…

Natural gas futures stage huge comeback as weather models get even colder EIA storage figure shows quickly evaporating storage surplus Most U.S. cash markets recover, but Northeast prices crumble Natural gas traders appeared to have a bit of sellers’ remorse on Thursday, quickly sending futures prices higher after an initial dip ahead of the latest…

President Andrés Manuel López Obrador, reported to be recovering from the effects of the coronavirus in the National Palace, on Monday submitted a bill to congress that could change the rules of the game in the Mexican electricity market. Analysts and sector participants have said the proposed changes to grant state power company Comisión Federal…

BREAKING: U.S. EIA reports an on-target 192 Bcf withdrawal from natural gas storage inventories for the week ending Jan. 29 Natural gas futures slip further as weather models pull back demand Cash starts to crumble outside of critical Northeast region Natural gas futures slid further on Wednesday as weather models backed off the upcoming winter…

Oil production from the vaunted Vaca Muerta shale deposit in the Neuquén basin in Western Argentina has come roaring back after months of slower exploration and production activity. Vaca Muerta reached a record high of 124,000 b/d in December, and it can continue toward 145,000–150,000 by the end of 2021 if current activity levels continue,…