NGI Mexico GPI

Loose EIA stat sends Nymex natural gas futures lower Clarity likely forthcoming on future LNG demand Spot gas prices mostly lower as Western heat eases It took some convincing, but traders have woken up to the incredible looseness still penetrating the natural gas market. After a bearish storage report, the September Nymex gas futures contract…

South America, driven by Brazil and its vast offshore pre-salt development, has seen deepwater operational expenditure (opex) drop more than any other region this year, according to Rystad Energy. In deepwater, South America is dominated by Brazil. State oil company Petroleo Brasileiro SA (Petrobras) alone accounted for nearly 88% of South America’s deepwater opex in…

BREAKING: U.S. EIA reports a 43 Bcf injection into natural gas storage inventories for week ending Aug. 14, right in line with market expectations El Paso Natural Gas flows interrupted by fire, maintenance After pushing above $2.40/MMBtu, natural gas futures steadied a bit Wednesday as traders looked ahead to the newest government storage data for…

Natural gas supply is once again at the heart of a contractual dispute between Mexico’s government and the private sector, with President Andrés Manuel López Obrador’s sights now trained on the Etileno XXI petrochemicals plant owned by Braskem Idesa in Veracruz state. López Obrador said Monday the terms under which state oil company Petróleos Mexicanos…

Winter premium in play as natural gas futures rally Storage containment still a risk if projected LNG demand falls short Western spot gas prices fall as heat set to ease Natural gas futures soared higher Tuesday as traders attempted to close the massive gap between the front of the curve and the winter contracts. Despite…

Mexico President Andrés Manuel López Obrador said during his morning press conference on Monday his government was planning to launch an infrastructure plan in the next two weeks. No details were provided, but immediately prior to the coronavirus shutdown a long-awaited public-private infrastructure plan including energy projects worth close to $100 billion was expected to…

Natural gas futures retreat as containment risk still on the table LNG demand is on the rise, but power burns are weaker California’s sizzling temperatures spark massive cash rally After another surprising rally at the end of last week, natural gas futures tapped the brakes Monday as traders appeared less confident in avoiding a storage…

Mexico’s upstream oil and gas regulator Comisión Nacional de Hidrocarburos (CNH) last week approved a series of exploration and appraisal plans submitted by private sector firms and state oil company Petróleos Mexicanos (Pemex). On Tuesday (Aug. 11), CNH approved six shallow water exploration plans submitted by Pemex, all for areas in Campeche Sound in the…

September Nymex gas rallies 17 cents Technical trading likely in play Cash strong, especially in scorching California On what is typically a sleepy day in natural gas trading, Friday proved anything but as the front of the futures curve skyrocketed. Once the smoke had cleared, the September contract had surged 17.4 cents higher to $2.356,…