Jeremiah Shelor joined NGI in 2015 after covering business and politics for The Exponent Telegram in Clarksburg, WV. He holds a Master of Fine Arts in Literary Nonfiction from West Virginia University and a Bachelor of Arts in English from Virginia Tech.
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Articles from Jeremiah Shelor
Natural Gas Forwards Mostly Lower as MVP Startup Impacts Summer Pricing
With excess storage inventories continuing to hang over the market through the shoulder season, natural gas forwards declined notably at the front of the curve for most regions during the April 18-24 trading period, data from NGI’s Forward Look show. May fixed prices at benchmark Henry Hub exited the period at $1.653/MMBtu, down 6.1 cents…
Discounts Abound in Natural Gas Markets to Close Out Week — MidDay Market Snapshot
As mild weather threatened to further pad storage surpluses, natural gas futures sagged through midday trading Friday. Meanwhile, spot market buyers seeking supplies for weekend and Monday delivery were finding bargains aplenty. Here’s the latest: June Nymex futures down 7.5 cents to $1.911/MMBtu as of 2:15 p.m. ET From recent levels, natural gas futures face…
U.S. Natural Gas Count Eases to 105; Oil Rigs Down Five, BKR Data Show
The U.S. natural gas rig count eased one unit lower to 105 for the week ended Friday (April 26), while a decline of five oil-directed rigs dropped the combined domestic tally six units week/week to 613, according to updated numbers from Baker Hughes Co. (BKR). The 105 active natural gas rigs in the United States…
Ahead of May Expiry, Natural Gas Futures Faltering as Storage Surplus Grows
As traders contemplated a swelling storage surplus amid mild springtime temperatures, natural gas futures were down sharply ahead of the front month expiration Friday. With volume thin in its final day of trading, the May Nymex contract was off 9.9 cents to $1.539/MMBtu as of 8:35 a.m. ET. June was trading 5.5 cents lower at…
Natural Gas Forwards Slide Overall as West Texas Outlook Brightens for Bulls
With excess storage inventories continuing to hang over the market through the shoulder season, natural gas forwards declined notably at the front of the curve for most regions during the April 18-24 trading period, data from NGI’s Forward Look show. May fixed prices at benchmark Henry Hub exited the period at $1.653/MMBtu, down 6.1 cents…
Natural Gas Futures Steady Following Midweek Swoon — MidDay Market Snapshot
After a midweek nosedive, natural gas futures hovered close to even through midday trading Thursday, largely weathering the bearish impact of a high-side injection miss in the latest U.S. Energy Information Administration (EIA) storage data. Here’s the latest: Soon-to-expire May Nymex futures down 2.2 cents to $1.631/MMBtu at around 2:10 p.m. ET Henry Hub spot…
Natural Gas Futures Extend Slide Ahead of Potentially Plump Injection
After selling off sharply in the previous session, natural gas futures remained under pressure early Thursday as traders prepared to digest a potential surplus-expanding government inventory report. The May Nymex contract was off 0.4 cents to $1.649/MMBtu at around 8:30 a.m. ET. June was down 2.6 cents to $1.953. The market early Thursday was expecting…
Natural Gas Futures Flop as Market Eyes LNG Weakness — MidDay Market Snapshot
Amid signs of ongoing issues at a major U.S. LNG export terminal, and with physical market prices pointing to weak near-term fundamentals, natural gas futures were headed for heavy losses as of midday trading Wednesday. Here’s the latest: May Nymex futures down 13.2 cents to $1.680/MMBtu as of 2:11 p.m. ET Day-ahead Henry Hub prices…
Natural Gas Futures Pull Back Early as Market Continues to Mull Mild Temps, Weak Production
After advancing over the previous two sessions, natural gas futures pulled back in early trading Wednesday as mild shoulder season weather continued to dampen the outlook despite continued production restraint. The May Nymex contract, set to expire later this week, was down 5.3 cents to $1.759/MMBtu at around 8:45 a.m. ET. June was down to…
Mountain Valley Pipeline Submits In-Service Request as Project ‘Nearing Completion’
Nearly seven years after receiving federal certification to build its 303-mile, 2 million Dth/d natural gas conduit, Mountain Valley Pipeline LLC (MVP) has requested FERC authorization to place the project into service. MVP in a written request filed by its legal counsel Monday asked the Federal Energy Regulatory Commission to approve its in-service request by…