NGI Mexico GPI

The U.S. Energy Information Administration reported a storage injection below expectations But skepticism about excess supply and export weakness weighed down futures Spot prices continued to advance amid robust summer heat A slightly bullish storage print and ongoing expectations for strong cooling demand proved too little to offset skepticism about excess supply, export weakness and…

Mexico’s Energy Ministry (Sener) has ordered the unification of the Zama discovery offshore Mexico and has given Houston-based exploration and production company Talos Energy Inc. and Mexican state company Petróleos Mexicanos (Pemex) 120 days to come up with terms of how to carry out joint development of the field. In May, Mexico upstream regulator Comisión…

BREAKING: U.S. EIA reports an injection of 56 Bcf into natural gas storage for the week ending July 3, slightly below average estimates Profit-taking and skepticism about the outlook for liquefied natural gas snapped a three-day winning streak for natural gas futures Continued spread of the coronavirus and uncertainty about economic activity amplified market doubts…

The presidents of Mexico and the United States signed a joint declaration on Wednesday celebrating the visit of Mexico President Andrés Manuel López Obrador to the White House and underlining the key relationship between the two nations. “There were those who thought our ideological difference would take us to confrontation,” López Obrador said in the…

Soaring temperatures are increasing expectations that this month will prove one of the hottest Julys on record Natural gas futures advanced for the third straight trading day Cash prices climbed alongside the summer heat Soaring summer temperatures and increasing expectations that this month will prove one of the hottest Julys on record boosted natural gas…

Mexico is facing a “triple crisis” on the public health, economic and governance fronts, with worrying implications for the energy sector and few encouraging signs for the near future, according to Tony Payan of Houston’s Rice University. After posting flat growth in 2019, the world’s 14th-largest economy is projected to shrink by at least 10.5%…

Despite signs of increased production and decreased liquefied natural gas levels, natural gas futures surged Monday Forecasts continued to put the current month on pace to challenge 2011 and 2012 as the hottest July on record Spot prices surged across the Lower 48 Despite signs of increased production and decreased liquefied natural gas (LNG) demand…

Latest storage build lower than analysts’ expectations The injection reflected stronger cooling demand and power burns Spot prices gave up ground ahead of the holiday weekend A continued strong showing for July heat in the latest forecasts helped lift natural gas futures sharply higher in early trading Monday. The August Nymex contract was up 8.5…

The suspension in late June by Mexico’s Supreme Court of new power sector rules imposed by the energy ministry marked a rare victory for proponents of competition in the country’s energy industry, analysts said. The controversial rulemaking, dubbed the Policy of Reliability, Safety, Continuity and Quality in the National Electric System, halted preoperative tests for…