Natural gas futures continued to slide Thursday as the latest government storage data failed to reflect enough tightening in the supply/demand balance to support prices. The July Nymex contract, on its first day in the prompt-month position, settled 5.9 cents lower at $1.827/MMBtu. August fell 5.3 cents to $1.919.
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NGI The Weekly Gas Market Report
Q&A with Juan Carlos Zepeda on Mexico’s Natural Gas Market Development
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following question-and-answer (Q&A) column as part of a regular interview series with experts in the Mexican natural gas market.
May 29, 2020
June Natural Gas Rolls Off the Board Lower as LNG Remains Major Concern; Cash Flat
Natural gas futures took a step back Wednesday, quickly erasing the gains mounted following the holiday weekend. With export demand remaining a threat and eyes on a plump storage injection, the June Nymex gas futures contract expired 7.1 cents lower at $1.722. July, which takes over the prompt-month position on Thursday, fell 5.9 cents to $1.886.
May 28, 2020
NGI The Weekly Gas Market Report
As Mexico Lockdown Eases, Pemex Hit With Alarming Coronavirus Problem
Mexico’s Petróleos Mexicanos’ (Pemex) difficult year has been made harder as workers struggle with a coronavirus outbreak that has hit the state oil company particularly hard.
May 28, 2020
Natural Gas Futures Rise as Demand Recovery Continues, but LNG Still a ‘Real’ Concern; Cash Firms
Natural gas futures strengthened Tuesday, with demand continuing to increase as economies reopen amid the coronavirus pandemic and as weather models boosted heat in the coming weeks. The June Nymex gas futures contract climbed 6.2 cents to settle at $1.793. July picked up 6.4 cents to $1.945.
May 27, 2020
Natural Gas Said Ready to ‘Flourish’ in Mexico as Price Outlook Improves
Mexico’s Jaguar Exploración y Producción CEO Warren Levy believes natural gas is a promising investment opportunity in Mexico, even given current demand and regulatory uncertainty.
May 27, 2020
After Volatile Week, Small Bump for Natural Gas Futures Over Weekend
Supported by warmer weather trends and a modest recovery in export demand after flows reached new lows over the Memorial Day weekend, natural gas futures were up several cents in early trading Tuesday.
May 26, 2020
NGI The Weekly Gas Market Report
Mexico Natural Gas Prices Hit Record Low; Pipeline Imports Seen Rising By End-May
Natural gas prices in Mexico averaged $2.13/MMBtu in April, the lowest price recorded since the Comisión Reguladora de Energía (CRE) began publishing the IPGN monthly price index in July 2017.
May 26, 2020
National Oil Companies Slash Capex Budgets in Unprecedented Crisis
National oil companies (NOC) across the world plan to cut exploration budgets by more than a quarter on average in 2020, according to new research by Wood Mackenzie.
May 22, 2020
Natural Gas Futures Slide Further as EIA Storage Report Seen as Non-Event; Cash Falls Too
Natural gas futures continued to retreat on Thursday after the latest storage data underwhelmed traders. The June Nymex gas futures contract closed the day at $1.710, off 6.1 cents from Wednesday’s close. July fell 5.7 cents to $1.852.
May 22, 2020
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