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
Natural Gas Futures Stage Late Advance as Market Digests Slightly Bullish Storage Pull
May Nymex natural gas futures settled 4.5 cents higher Thursday, rallying late as traders considered the implications of a larger-than-anticipated storage withdrawal. At A Glance: May futures up 4.5 cents Storage down 36 Bcf Cash trades for Monday The front-month contract closed the session at $1.763/MMBtu, slipping from a $1.786 intraday high and off the…
March 28, 2024
Natural Gas Futures Gains Diminished as EIA Reports Storage Draw Above Expectations
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…
March 28, 2024
May Natural Gas Futures Slide on First Day in Front Position; Holiday Weekend Deflates Cash Prices
The May Nymex natural gas futures contract crumbled in its premiere session in the lead position, anchored to the downside amid a plethora of bearish fundamentals, most notably abundant supply met by a shortage of demand. At A Glance: Prompt month sheds 7.0 cents Storage withdrawal expected Bearish spring weather ahead The newly anointed front-month…
March 27, 2024
April Natural Gas Futures Finish Run Down in Volatile Session, Spot Gas Gains
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…
March 27, 2024
April Natural Gas Futures End Tumultuous Day Sinking Into Expiration; Cash Up
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 down 4.0 cents May futures near unchanged Texas cash prices rebound The expiring front-month contract rolled off…
March 26, 2024
April Natural Gas Futures Head Lower Toward Tuesday’s Expiration; Cash Prices Vary
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…
March 26, 2024
April Natural Gas Futures Head Lower Toward Tuesday’s Expiration; Cash Prices Vary
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…
March 25, 2024
Weekly Natural Gas Cash Prices Vary as Late Chill Supports
Weekly natural gas cash prices were mixed during the week as some regions were supported by cold weather-driven demand, offset by widening storage surpluses and Freeport LNG’s plans to take two trains offline. NGI’s Weekly Spot Gas National Avg. for the March 18-22 trading period gained 13.0 cents/MMBtu to $1.355. West Texas hub values mostly…
March 22, 2024
Natural Gas Futures Prices Sink Lower on Demand Woes; Cash Slides
April Nymex natural gas futures extended losses into the week’s closing session as a storage glut and a trimming of demand pressured the contract. At A Glance: April futures down 2.4 cents Freeport outage worries Weather support brief The front-month contract settled 2.4 cents lower at $1.659/MMBtu. April futures traded as high as $1.712 and…
March 22, 2024
April Natural Gas Futures Pressured by Small Storage Build; Cash Retreats
Natural gas futures lost ground Thursday following the release of U.S. Energy Information Administration (EIA) storage data, which outlined a small injection into inventories for the week ended March 15. At A Glance: Futures shed 1.6 cents Storage up 7 Bcf Cash gains reversed April Nymex natural gas futures settled at $1.683/MMBtu, down 1.6 cents…
March 22, 2024