Archive / Author

Subscribe

Jeremiah Shelor

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.

Natural Gas Futures Higher; Prices in California Recovering from Recent Swoon — MidDay Market Snapshot

Natural Gas Futures Higher; Prices in California Recovering from Recent Swoon — MidDay Market Snapshot

The promise of summer cooling demand atop tighter underlying fundamentals continued to stir bullish optimism in Wednesday’s natural gas futures trading. Meanwhile, physical prices at a Southern California hub were rebounding from an early-week plunge. Here’s the latest: June Nymex futures up 5.9 cents to $2.403/MMBtu as of 2:04 p.m. ET Storage surpluses seen narrowing…

May 15, 2024
MVP Responds to ‘Misinformation’ Around Failed Pipeline Hydrostatic Test

MVP Responds to ‘Misinformation’ Around Failed Pipeline Hydrostatic Test

Pushing back against concerns raised by project opponents, Mountain Valley Pipeline LLC (MVP) said its handling of a recent failed pressure test demonstrates that safety protocols are working as intended. In a letter filed with FERC late last week, Todd L. Normane, senior vice president for MVP backer Equitrans Midstream Corp. and legal counsel for…

May 15, 2024
Weak Production, Building Heat Help Lift Natural Gas Futures Early

Weak Production, Building Heat Help Lift Natural Gas Futures Early

With forecast heat over the southern Lower 48 hinting at more robust summer cooling demand to come, and with production still down, natural gas futures advanced in early trading Wednesday. The June Nymex contract was up 4.4 cents to $2.388/MMBtu at around 8:35 a.m. ET. July was up 4.4 cents to $2.603. Production readings from…

May 15, 2024
June Natural Gas Pulling Back as Rally Paused for Now — MidDay Market Snapshot

June Natural Gas Pulling Back as Rally Paused for Now — MidDay Market Snapshot

Having rallied sharply month-to-date, natural gas futures eased lower through midday trading Tuesday as maintenance dinged daily export demand in updated estimates. West Texas physical prices, meanwhile, were climbing out of the negatives. Here’s the latest: June Nymex futures off 3.0 cents to $2.351/MMBtu as of 2:22 p.m. ET NatGasWeather on Tuesday attributed the slide…

May 14, 2024
Natural Gas Forward Prices Rally as LNG Demand Seen Sharply Higher; Production Remains Off Highs

Natural Gas Forward Prices Rally as LNG Demand Seen Sharply Higher; Production Remains Off Highs

North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. By Monday (May…

May 14, 2024
Natural Gas Output from Appalachia, Haynesville Seen Falling Further into Early Summer

Natural Gas Output from Appalachia, Haynesville Seen Falling Further into Early Summer

Combined natural gas production from seven key Lower 48 plays is expected to ease lower in June, with declines from gas-weighted plays continuing to offset increasing associated output from the Permian Basin, according to updated projections from the U.S. Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, EIA said it…

May 14, 2024
Natural Gas Futures Pare Gains Early as Maintenance Seen Impacting LNG Flows

Natural Gas Futures Pare Gains Early as Maintenance Seen Impacting LNG Flows

Natural gas futures gave back some of their recent gains early Tuesday as traders weighed a fundamental outlook featuring softer export demand and continued springtime production weakness. After a double-digit rally to open the week, the June Nymex contract was off 3.6 cents to $2.345/MMBtu at around 8:40 a.m. ET. Flow data early Tuesday showed…

May 14, 2024
Brightening LNG Outlook Spurs Further Natural Gas Futures Gains — MidDay Market Snapshot

Brightening LNG Outlook Spurs Further Natural Gas Futures Gains — MidDay Market Snapshot

With summer cooling demand just around the corner, and with continued signs of renewed strength at a major U.S. export terminal, natural gas futures were charting another leg higher through midday trading. Here’s the latest: June Nymex futures up 12.3 cents to $2.375/MMBtu at around 2:30 p.m. ET Flows to U.S. LNG terminals surpassing 13…

May 13, 2024
Natural Gas Futures Steady as Consolidation Said Possible After May Rally

Natural Gas Futures Steady as Consolidation Said Possible After May Rally

Having surged higher since the start of the month, natural gas futures were steady in early trading Monday as the market continued to weigh a mixed shoulder season fundamental outlook.  The June Nymex contract was up fractionally at $2.253/MMBtu as of 8:40 a.m. ET. July was off 1.2 cents to $2.472. While the front month…

May 13, 2024
Natural Gas Forward Prices Rally as LNG Demand Seen Sharply Higher; Production Remains Off Highs

Natural Gas Forward Prices Rally as LNG Demand Seen Sharply Higher; Production Remains Off Highs

North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. Negative Basis In…

May 10, 2024