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.
Archive / Author
SubscribeJodi Shafto
Articles from Jodi Shafto
January Natural Gas Sinks as Revised Weather Outlooks Shrink 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. At A Glance: January futures slip 1.1 cents Weather forecasts more bearish Spot gas prices slump The front-month contract settled at $2.492/MMBtu, off 1.1 cents day/day. February futures closed at…
December 19, 2023
Natural Gas Futures Give Back Early Gains to Finish Slightly Higher Monday
January Nymex natural gas futures extended a relief rally into the fourth trading day Monday as hints of colder January weather provided some support, but weather and fundamental outlooks suggested the upside movement would be short-lived. The front-month contract settled at $2.503/MMBtu, up 1.2 cents from Friday but well off an early high of $2.597.…
December 19, 2023
Natural Gas Futures Finish Monday Slightly Higher as Sharper Gains Relinquished
January Nymex natural gas futures extended a relief rally into the fourth trading day Monday as hints of colder January weather provided some support, but weather and fundamental outlooks suggested the upside movement would be short lived. At A Glance: Futures reverse early larger gains Supply outweighs brief weather support Cooldown helps cash mostly higher…
December 18, 2023
Weekly Natural Gas Cash Prices Tumble on Mild Weather While Futures Trim Losses at Week’s End
Weekly cash natural gas prices fell as scattered cold weather failed to generate enough widespread heating demand, while weather forecasts that added more heating degree days (HDD) toward the official start to winter lifted futures late in the week ending Dec. 8. NGI’s Weekly Spot Gas National Avg. for the Dec. 11-15 period fell 42.0…
December 15, 2023
January Futures Add Gains Amid a Brief Cooldown and Ahead of Warming Into Winter’s Start
January Nymex natural gas futures gained for a third day Friday in an apparent round of profit-taking, and as weather forecasts turned slightly less bearish but suggested the trend toward mild weather would remain intact into the official start of winter. At A Glance: January gains for third day Brief cooldown supports prices Outlook remains…
December 15, 2023
EIA Storage Draw on Target; January Futures Up with Modest Weather Support
January Nymex natural gas futures settled the regular trading session higher on Thursday, backed by cooler weather trends. Still, more significant gains were relinquished as temperatures were forecasted to rise again. Meanwhile, the latest government storage report showed a withdrawal matching the figure modeled by NGI and most others, but it provided little additional support.…
December 15, 2023
EIA Storage Pull on Target; January Futures Gain with Modest Weather Support
January Nymex natural gas futures settled the regular trading session higher on Thursday, backed by cooler weather trends. Still, more significant gains were relinquished as temperatures were forecasted to rise again. Meanwhile, the latest government storage report showed a withdrawal matching the figure modeled by NGI and most others, but it provided little additional support.…
December 14, 2023
EIA Report Shows Storage Draw Matching Expectations, January Futures Pare Gains
The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 55 Bcf of natural gas from storage for the week ended Dec. 8, matching the figure modeled by NGI ahead of the report’s release. The draw was on par with most expectations. January Nymex futures were higher on the day at around $2.393/MMBtu…
December 14, 2023
EIA Storage Report Expectations and Mild Weather Limit Natural Gas Futures Gains
January Nymex natural gas futures staged a modest recovery Wednesday, but attempts at more considerable gains were thwarted by overall mild weather trends that pointed to comparatively small storage withdrawals as production stayed robust. At A Glance: January futures stage modest recovery Slight cooldown provides some support Fundamentals remain mostly bearish The January contract settled…
December 13, 2023
Production and Supply Keep Natural Gas Tumbling
Nymex January natural gas futures deflated further Tuesday amid storage glut woes driven by strong production and the absence of winter weather. At A Glance: January futures down 12.0 cents Cold weather remains elusive Inventory could reach 4 Tcf The front-month contract closed the regular trading session down 12.0 cents at $2.311/MMBtu, reversing steeper losses…
December 13, 2023