NGI Mexico GPI

Helped by dipping first-of-month production numbers, natural gas futures climbed early Monday, continuing to build on gains from late last week. After rallying 4.5 cents ahead of Good Friday, the May Nymex contract was up another 2.8 cents to $1.791/MMBtu as of around 8:50 a.m. ET. Near-term conditions were creating “market noise” for natural gas…

North American natural gas futures found a little momentum on Thursday. The May New York Mercantile Exchange contract settled at $1.763/MMBtu, up 4.5 cents on the day. Earlier in the week, the April contract rolled off the board at $1.575. Despite some momentum in cash prices, the Daily Henry Hub price has not surpassed $2/MMBtu…

Natural gas futures trimmed early gains Thursday following the U.S. Energy Information Administration (EIA) storage report, which outlined a larger-than-anticipated 36 Bcf withdrawal for the week ended March 22.  Ahead of the 10:30 a.m. ET release of the latest storage data, May New York Mercantile Exchange natural gas futures were trading 2.0 cents higher day/day…

Claudia Sheinbaum, Mexico’s presidential candidate for the ruling Morena Party, seeks continuity for the national energy sector.  In a March 18 speech to commemorate the anniversary of state oil company Petróleos Mexicanos (Pemex), Sheinbaum said her administration would follow the path of the Andrés Manuel López Obrador government and continue to prioritize the dominant role…

Nymex natural gas futures traded lower ahead of the April contract’s expiration at the close, pressured by a lack of demand and with a storage overhang expected to widen through the shoulder season. At A Glance: April futures expire 4.0 cents down May futures move into lead near unchanged Texas cash prices pull into the…

Mexican state utility Comisión Federal de Electricidad (CFE) and French multinational Engie SA through its subsidiary Energia Mayakan signed an agreement to double the capacity on the Mayakan natural gas pipeline serving the Yucatán Peninsula. Energía Mayakan will be in charge of the development and construction of the project. The pipeline’s current capacity of 250…

April Nymex natural gas futures finished their penultimate session in the lead position in the red, with the weather expected to provide a modest bump in demand too late to substantially impact the robust supply. At A Glance: April futures slip 4.4 cents Storage remains an anchor Spot gas mixed by weather The prompt-month contract…

Mexico’s natural gas production averaged 4.05 Bcf/d in February 2024, compared to 4.29 Bcf/d in the same month a year ago.  State oil company Petróleos Mexicanos (Pemex) supplied 3.84 Bcf/d or 95% of the total, down from 4.07 Bcf/d in February 2023, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show.  Associated gas tied…

Continuing to struggle under the weight of excess supply exiting the heating season, natural gas futures fell in early trading Monday. The April Nymex contract, set to expire Tuesday, was off 3.5 cents to $1.624/MMBtu at around 8:40 a.m. ET. May was down 3.5 cents to $1.777. With weak physical prices at Henry Hub this…