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
West Texas Clawing Back as Volatile Week Ends with Natural Gas Prices Still Lower; Futures Slip
Struggles defined the weekly natural gas cash market as prices bounced between gains and losses amid seasonal factors including fickle weather and maintenance activity. NGI’s Weekly Spot Gas National Avg. for the April 15-19 period ultimately lost 7.5 cents to $1.135/MMBtu. Meanwhile, the May Nymex futures contract jumped early in the week after reports of…
Hurricane Season Said to Potentially Test ‘Operational Limits’ of Natural Gas Storage, Infrastructure
Foreseeable risks from swelling natural gas inventories and an active hurricane season in the Atlantic Basin could bring more volatility to commodity prices in the coming months, a market expert said this week at an industry conference. The looming threat of hurricanes, which forecasters are predicting to be more frequent this season, will be “an…
Natural Gas Futures Prices Seeking Support to Break from ‘Horizontal Channel’
Prompt-month natural gas futures on the New York Mercantile Exchange (Nymex) neared $2.00/MMBtu last week but failed to push beyond a $1.943 Wednesday intraday high. With technical and fundamental support lacking, the front month headed lower on Monday, slipping 7.9 cents to settle at $1.691, and was trading marginally flat Tuesday morning. “The May Nymex…
DeLa Express Joins Rush to Add Permian Natural Gas Takeaway Capacity
DeLa Express LLC is seeking to construct a 2 Bcf/d interstate pipeline to help ease the glut of natural gas trapped in the Permian Basin. The independent energy infrastructure company, an affiliate of Houston-based Moss Lake Partners LP, in early April asked FERC to begin the prefiling review for a 42-inch diameter, 690-mile pipeline. The…
Natural Gas Trims Early Gains as Market Eyes Storage Build Outlook — MidDay Market Snapshot
Natural gas futures, which had initially shown promising gains because of favorable production and export trends, remained only marginally positive at midday. Market focus shifted towards the upcoming storage report and the implications of mild weather forecasts. Here is the latest: May Nymex futures at $1.881/MMBtu as of 2:36 p.m. ET, up nine-tenths of a…
Natural Gas Prices Said Still Too Low for E&Ps to Bring On More Production
U.S. natural gas exploration and production (E&P) companies have reduced output in response to high inventories and the low price environment, but now the query is, when might production return? Price will tell, according to analysts. Lower 48 natural gas output has fallen below 100 Bcf/d, down from record highs around 107 Bcf/d early this…
‘Overheated’ Natural Gas Futures Setting Up for Possible Breakout
Prompt-month natural gas futures on the New York Mercantile Exchange (Nymex) tested key resistance but failed to push beyond the $1.906/MMBtu high early last week. The front-month contract was taking another stab at the upside on Monday, gaining 5.5 cents by midday to $1.840 from a $1.785 settlement ahead of the weekend. “May has done…
Enterprise Ramps Up Permian Natural Gas Processing; Summit Tests Support to Add Double E Capacity
Enterprise Product Partners LP has begun service at the Mentone 3 cryogenic natural gas processing plant in West Texas, one of several steps midstream companies are taking this year to add sorely needed takeaway capacity from the Permian Basin. Enterprise’s third processing plant in the Permian’s Delaware sub-basin has a nameplate capacity of 300 MMcf/d…
Natural Gas Futures’ Rally Stalls, Cash Climbs as Market Caught Between Changing Fundamentals
After a three-day rally, Nymex May natural gas futures vacillated between gains and losses Wednesday. The contract reached a $1.906/MMBtu intraday high before settling at $1.841, down 2.1 cents day/day. At A Glance: May futures slip 2.1 cents Storage report potentially supportive Cash prices up on near-term chill NGI’s Spot Gas National Avg. was up…
April Natural Gas Bidweek Prices Trip Lower as Spring Season Deflates Demand
Natural gas prices were modestly lower in April bidweek trading as the transition from winter to spring signaled milder weather, weakening demand and an end-of-season natural gas supply swelling to the brim. NGI’s April Bidweek National Avg. fell 19.5 cents month/month to $1.310/MMBtu. That was down from $2.180 a year earlier. Trading for the latest…