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
Disintegrating’ Natural Gas Futures Tumble on Lack of Heat
A lack of heat helped sink natural gas futures Wednesday as demand continues to struggle to keep pace with supply growth. In the spot market, hot temperatures supported continued strength in Southern California, while locations farther east generally headed lower; the NGI Spot Gas National Avg. eased 2.0 cents to $2.045/MMBtu.
Natural Gas Futures Steady; Forecasts Cool Slightly Overnight
Some slightly cooler overnight weather trends, but with above normal temperatures still expected later this month into early August, had natural gas futures trading close to even early Tuesday. The August Nymex futures contract was down 0.3 cents to $2.309/MMBtu shortly after 8:30 a.m. ET.
Natural Gas Futures Open Week With Rally; Mexico Prices Hit New Low
In contrast to last week’s heavy sell-off, U.S. natural gas futures rallied Monday on the promise of additional heat arriving later this month. Meanwhile, hotter temperatures helped spark strong spot price gains for much of California and the Rockies; the NGI Spot Gas National Avg. climbed 6.5 cents to $2.075/MMBtu.
Forecasts Cooler as Natural Gas Futures Ease Lower; Cash Mixed
Helped by cooler-trending forecasts, natural gas futures shaved off a little over a penny Tuesday after trading in a narrow range. Spot prices were mixed on a combination of hotter temperatures in the West and cooler conditions further East; the NGI Spot Gas National Avg. slid 1.0 cent to $2.065/MMBtu.
Hotter Than Normal Temps Expected to Start August as Natural Gas Futures Called Higher
A hotter-trending forecast over the weekend for late July into early August helped lift natural gas futures several cents higher in early Monday trading. The August Nymex futures contract was up 2.5 cents to $2.276/MMBtu shortly after 8:30 a.m. ET.
Natural Gas Futures Fall Again to Cap Off Bearish Week
Natural gas futures prices sold off again Friday to cap off a decidedly bearish week, with the latest forecasts not promising enough summer cooling demand to appease a well-supplied market. With the intense and widespread heat expected to subside after the weekend, spot prices sold off throughout the Lower 48; the NGI Spot Gas National Avg. tumbled 16.5 cents to $2.010/MMBtu.
Hotter Forecast Trends Help Natural Gas Futures Rebound; Cash Stronger Out West
In contrast to last week’s heavy sell-off, natural gas futures rallied Monday on the promise of additional heat arriving later this month. Meanwhile, hotter temperatures helped spark strong spot price gains for much of California and the Rockies; the NGI Spot Gas National Avg. climbed 6.5 cents to $2.075/MMBtu.
Oil-Focused Slowdown Drops U.S. Rig Count Four Units to 954
Driven by declines in Louisiana, Oklahoma and Texas, the U.S. rig count fell four units to 954 for the week ended July 19, according to data from Baker Hughes, a GE Company (BHGE).
U.S. Adds Two Natural Rigs, But Oil Count Slides
The U.S. natural gas rig count picked up two units to finish at 174 for the week ended July 19, though a slowdown in the oil patch drove the overall domestic count lower, according to data from Baker Hughes, a GE Company.
Bears Tighten Grip on Natural Gas Futures as Summer Heat Fails to Impress
Natural gas futures prices sold off again Friday to cap off a decidedly bearish week, with the latest forecasts not promising enough summer cooling demand to appease a well-supplied market. With the intense and widespread heat expected to subside after the weekend, spot prices sold off throughout the Lower 48; the NGI Spot Gas National Avg. tumbled 16.5 cents to $2.010/MMBtu.