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Jodi Shafto

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.

Jodi Shafto's avatar

Senior Editor, Markets | Charleston, SC

@JodiNGI

email jodi.shafto@naturalgasintel.com

Weekly Cash Natural Gas Prices Mostly Rise; Futures Early Rally Fades Despite Fundamentals

Weekly Cash Natural Gas Prices Mostly Rise; Futures Early Rally Fades Despite Fundamentals

Weekly spot natural gas prices notched gains as intensifying heat in portions of the country stoked cooling demand. Futures surged in anticipation of the rising summer load but sank into the week’s end on profit-taking. NGI’s Weekly Spot Gas National Avg. for the May 21-28 period, extended due to the long Memorial Day holiday weekend,…

May 24, 2024
June Natural Gas Futures Tumble in Consolidation as Expiration Nears; Holiday Pressures Cash

June Natural Gas Futures Tumble in Consolidation as Expiration Nears; Holiday Pressures Cash

June Nymex natural gas futures continued to sputter Friday after rising early Thursday to their highest price level since mid-January before finishing sharply lower. At A Glance: Futures down 13.7 cents Fundamental sway limited Cash down despite heat The front-month contract settled at $2.520/MMBtu, down 13.7 cents day/day. More heavily traded July futures fell 15.0…

May 24, 2024
Natural Gas Futures Tank Despite Bullish Fundamentals as Market Corrects; Spot Gas Gains

Natural Gas Futures Tank Despite Bullish Fundamentals as Market Corrects; Spot Gas Gains

Overbought June Nymex natural gas futures were pummeled Thursday as the market shrugged off fundamental bullishness and a miss in government storage data. At A Glance: Futures sink 18.5 cents EIA reports 78 Bcf build Cash climbs with heat The prompt month contract settled at $2.657/MMBtu, down 18.5 cents day/day. June futures were negative at…

May 23, 2024
U.S. Southeast Manufacturing, Industrial Growth Driving Billions in New Natural Gas Infrastructure

U.S. Southeast Manufacturing, Industrial Growth Driving Billions in New Natural Gas Infrastructure

While data centers and artificial intelligence (AI) may dominate the news, investments by large load industrial and manufacturing sectors, particularly in the U.S. Southeast, are driving a significant portion of an expected rise in natural gas consumption. Southeast utility Santee Cooper is looking to add more than 1,000 MW of natural gas-fired electric generation to…

May 23, 2024
June Natural Gas Futures Sink Despite Bullish EIA Storage Print

June Natural Gas Futures Sink Despite Bullish EIA Storage Print

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 78 Bcf natural gas into storage for the week ended May 17. The print was a bullish miss against expectations and historical averages. The result reflected a demand-side push from a hike in power burns and the early return of Freeport LNG while…

May 23, 2024
June Natural Gas Futures Surge as Forecasts Suggest a Tighter Supply, Demand Balance; Cash Mixed 

June Natural Gas Futures Surge as Forecasts Suggest a Tighter Supply, Demand Balance; Cash Mixed 

June Nymex natural gas futures rally resumed after a brief and modest reversal lower Tuesday as the market looked beyond bearish near-term fundamentals to longer-range support. At A Glance: Futures gain 9.1 cents Small storage build expected California cash tumbles The front-month contract settled Wednesday at $2.842/MMBtu, up 9.1 cents day/day. NGI’s daily spot price…

May 22, 2024
Natural Gas Futures’ Rally Stalls as Golden Pass LNG Contractor Bankruptcy Spooks, Cash Tumbles

Natural Gas Futures’ Rally Stalls as Golden Pass LNG Contractor Bankruptcy Spooks, Cash Tumbles

June Nymex natural gas futures’ four-day rally stalled Tuesday as news of a bankruptcy filing by a lead contractor for a major LNG project spooked the market and as fundamentals turned slightly bearish. At A Glance: June futures end 8.0 cents lower Liquefied natural gas demand worries surface Cash markets down with cooling load The…

May 21, 2024
Natural Gas Futures’ Rally Continues Driven by Demand-Side Fundamentals, Spot Surges

Natural Gas Futures’ Rally Continues Driven by Demand-Side Fundamentals, Spot Surges

June Nymex natural gas futures climbed with the mercury as hot weather supports cooling demand, driving prices to four-month highs. At A Glance: Futures up 12.5 cents Strong cooling demand Cash gains with heat The front-month contract settled at $2.751/MMBtu, up 12.5 cents from Friday. Momentum is driving June futures to a level not seen…

May 20, 2024
Weekly Natural Gas Spot Prices Mixed Due to Weather; Futures Soar on Tighter Balance

Weekly Natural Gas Spot Prices Mixed Due to Weather; Futures Soar on Tighter Balance

Weekly natural gas cash prices were mixed, as a preview of summer weather sent demand higher in portions of the country, and pipeline maintenance underway or ending provided varied directional support. NGI’s Weekly Spot Gas National Avg. for the May 13-17 period rose 24.0 cents week/week to $1.665/MMBtu. Futures, meanwhile, spent the bulk of the…

May 17, 2024
Natural Gas Futures Extend Rally in Week’s Closing Session

Natural Gas Futures Extend Rally in Week’s Closing Session

June natural gas futures surged Friday, extending a rally that brought the contract to near a four-month high as fundamentals suggest a balancing market. At A Glance: Futures up 13.1 cents Production stabilized Waha down after storm The front-month contract settled at $2.626/MMBtu, up 13.1 cents day/day. Meanwhile, NGI’s Spot Gas National Avg. tumbled 13.5…

May 17, 2024
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