Jodi Shafto joined NGI as a Senior Natural Gas Reporter in October 2023. Before that, she was a business news reporter for South Carolina's largest daily newspaper, The Post and Courier, and was a Senior Energy Markets Reporter at S&P Global Market Intelligence. Based out of Charleston, Jodi has covered US energy markets since 2005 as a reporter, editor and analyst. A New Jersey native, she holds a BS in Journalism from Bowling Green State University.
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Articles from Jodi Shafto
February Natural Gas Futures Climb After EIA Reports Bullish Storage Withdrawal
February Nymex natural gas futures moved higher as it pulled into the lead position Thursday, extending gains following the supportive U.S. Energy Information Administration (EIA) storage report for the week of Dec. 22. The fresh front-month contract was trading up 8.9 cents at $2.526/MMBtu at around 10:30 a.m. ET. By 11:00 a.m. ET, February futures…
December 28, 2023
Nymex Natural Gas Futures Surge as January Contract Expires, February Set to Take The Lead
Nymex natural gas futures soared early in the regular trading session on Wednesday but gave back larger gains as revisions to weather forecasts sapped several days of heating demand. At A Glance: February futures up 1.8 cents Cold weather eyed for support Chill drives cash higher January futures ended its run as the front-month contract…
December 27, 2023
January Natural Gas Fades Tuesday Ahead of Wednesday Expiry
January Nymex natural gas futures tumbled in thin volume trade Tuesday, coming off the extended Christmas holiday weekend and ahead of the contract’s expiration at the close of business Wednesday. The more heavily traded February contract also stumbled as traders positioned in preparation for its move into the lead position. At A Glance: January futures…
December 27, 2023
January Natural Gas Sinks Ahead of Wednesday Expiration, February Down on Bearish Fundamentals
January Nymex natural gas futures tumbled in thin volume trade Tuesday, coming off the extended Christmas holiday weekend and ahead of the contract’s expiration at the close of business Wednesday. The more heavily traded February contract also stumbled as traders positioned in preparation for its move into the lead position. At A Glance: January futures…
December 26, 2023
Weather, Holiday Drag Weekly Spot Gas Prices Down While Futures Up On Hopes of Cold
Weekly cash natural gas prices fell as demand stoked higher by Northeast storms and pipeline constraints were no match for the prevalence of unseasonably mild weather, while futures gained on outlooks for winter weather’s January arrival. NGI’s Weekly Spot Gas National Avg. for the Dec.18-22 period fell 5.5 cents to $2.335. The January Nymex natural…
December 22, 2023
January Natural Gas Futures Finish Up Friday on Hopes for Colder Winter Weather
January Nymex natural gas futures held to the upside as the market looked to forecasts calling for colder winter weather. With the number of heating degree days (HDD) in question, though, persistent supply glut woes limited the advance. At A Glance: Futures end wild session up 3.8 cents Weather changes stoke supply worries Cash markets…
December 22, 2023
EIA Storage Miss Against Expectations Drives Natural Gas Futures Higher
January Nymex natural gas futures settled the Thursday regular trading session up 12.5 cents at $2.572/MMBtu, gaining ground after the release of a natural gas storage report that showed a larger withdrawal than expected for the week of Dec. 15. At A Glance: January futures gain ground Storage down 87 Bcf Spot prices sputter The…
December 22, 2023
EIA Storage Report Upside Surprise Drives Natural Gas Futures Sharply Higher
January Nymex natural gas futures settled the Thursday regular trading session up 12.5 cents at $2.572/MMBtu, gaining ground after the release of a natural gas storage report that showed a larger withdrawal than expected for the week of Dec. 15. At A Glance: January futures up 12.5 cents Large 87 Bcf storage draw surprises Cash…
December 21, 2023
January Natural Gas Futures Rise After Larger Than Expected EIA Storage Withdrawal
The U.S. Energy Information Administration (EIA) on Thursday reported an 87 Bcf withdrawal from natural gas storage for the week ended Dec. 15. The draw was an upside miss against expectations and sent Nymex natural gas futures higher. January futures traded 3.0 cents higher day/day at around $2.477/MMBtu ahead of the 10:30 a.m. ET report.…
December 21, 2023
January Natural Gas Rally Ends as Revised Weather Outlooks Deflate Demand Hopes
January Nymex natural gas futures’ four-day winning streak ended Tuesday in losses driven by revised weather outlooks that erased some cooler, supportive weather from forecasts. The front-month contract settled at $2.492/MMBtu, off 1.1 cents day/day. February futures closed at $2.366, off 5.0 cents. NGI’s Spot National Avg. was down 15.0 cents at $2.405. Notably, the…
December 20, 2023