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
Lower Production Boosts Natural Gas Futures Early; Forecasts Said Slightly Warmer
As forecasters watch for signs of heat returning next month, a drop in the latest production data was helping to lift natural gas futures prices early Wednesday. The expiring Nymex June contract was up 4.1 cents to $2.623/MMBtu shortly after 8:30 a.m. ET. July was up 4.5 cents to $2.629.
May 29, 2019
Natural Gas Futures Down as Production Rises; Waha Still Under Pressure
Rebounding production and a lack of significant cooling demand gains from the latest forecasts facilitated selling in the natural gas futures market Tuesday. In the spot market, pipeline maintenance continued to pressure Midcontinent and West Texas prices; the NGI Spot Gas National Avg. climbed 14.0 cents to $1.945/MMBtu.
May 29, 2019
Production Decline Boosts Natural Gas Futures; Forecasts Mixed
A day/day drop in the latest production numbers helped natural gas futures rally into the front month expiration Wednesday, although forecasts were mixed on the outlook for June heat. In the spot market, strong cooling demand in the Southeast kept prices there steady as the Midcontinent saw more negative trades; the NGI Spot Gas National Avg. climbed 11.5 cents to $2.060/MMBtu.
May 29, 2019
Models Failing to Impress With June Heat as Natural Gas Futures Down Early
With weather models over the weekend failing to add heat through the first third of June, and with supply expected to continue driving larger-than-normal builds, natural gas futures were trading several cents lower early Tuesday.
May 28, 2019
Pipeline Maintenance Sinks Permian Prices; Natural Gas Futures Steady
The natural gas futures market turned in a quiet day of trading Friday as the latest readings on fundamentals didn’t offer much to excite traders and peel them away from their holiday plans. In the spot market, pipeline maintenance drove record lows in the Midcontinent and sent stopped-up West Texas deep into the red; theNGISpot GasNational Avg.dropped 27.0 cents to $1.805/MMBtu.
May 28, 2019
Production Helps Provoke Natural Gas Futures Sell-Off
Rebounding production and a lack of significant cooling demand gains from the latest forecasts facilitated selling in the natural gas futures market Tuesday. In the spot market, pipeline maintenance continued to pressure Midcontinent and West Texas prices; theNGISpot GasNational Avg. climbed 14.0 cents to $1.945/MMBtu.
May 28, 2019
Weather Outlook Mostly Unchanged; Natural Gas Futures Down Early
With no major changes to the weather outlook overnight, and with the market continuing to mull the latest government storage data, natural gas futures were trading slightly lower early Friday. The June Nymex futures contract was down 1.0 cent to $2.568/MMBtu shortly after 8:30 a.m. ET.
May 24, 2019
Smaller-Than-Expected Injection Boosts Natural Gas Futures
A weekly inventory build on the low side of estimates and a warmer-leaning early June outlook supported a small bounce in U.S. natural gas futures prices Thursday. In the spot market, heat in the Southeast and cooler temperatures in the West did little to impress buyers; the NGI Spot Gas National Avg. eased 0.5 cents to $2.075/MMBtu.
May 24, 2019
Record Lows for Midcon Cash as Natural Gas Futures Steady
The natural gas futures market turned in a quiet day of trading Friday as the latest readings on fundamentals didn’t offer much to excite traders and peel them away from their holiday plans. In the spot market, pipeline maintenance drove record lows in the Midcontinent and sent stopped-up West Texas deep into the red; the NGI Spot Gas National Avg. dropped 27.0 cents to $1.805/MMBtu.
May 24, 2019
Southeast Heat Can’t Erase Weakness in Weekly Natural Gas Spot Prices
The prospect of record Southeast heat provided the lone bright spot for natural gas bulls in the spot market during the week ended May 24; with widespread discounts in the lead-up to Memorial Day, the NGI Weekly Spot Gas National Avg. tumbled 17.5 cents to $2.035/MMBtu.
May 24, 2019