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
Wintry Northeast Lifts NatGas Spot Prices in Otherwise Bearish Week
Outside of wintry conditions boosting heating demand along the East Coast, it was a bearish week for natural gas, a fact reflected in weekly spot gas prices. Most regions finished 10-20 cents in the red, but big gains in the Northeast helped lift the NGI Weekly Spot Gas Average 7 cents to $2.96/MMBtu.
Outlook on Late December Temps Shifts; January NatGas Called Lower
January natural gas was set to open down about 5 cents Thursday to around $2.663, with the market trying to get a read on how much heating demand to look for from a frigid blast expected later this month.
EIA Reports Slightly Bullish Withdrawal, but Bears Undeterred
The Energy Information Administration (EIA) reported a net withdrawal from natural gas storage Thursday that was slightly bullish to market expectations but not enough to break the bear’s grip on the market.
Slightly Bullish EIA Report Not Enough to Buck NatGas Downtrend; East Coast Cash Moderates
Despite a slightly bullish storage report from the Energy Information Administration (EIA), natural gas futures traded lower Thursday as the bears seemed firmly in control. In the spot market, except for the East Coast and California, most points traded close to even, and the NGINational Spot Gas Average dropped 20 cents to $2.85.
January NatGas Called Higher as Market Searches for Balance
January natural gas was set to open about three cents higher Wednesday at around $2.712 as the market continued searching for balance following recent selling.
NGI The Weekly Gas Market Report
Amid Protests, Virginia Regulators Conditionally Approve ACP Water Certificate
Virginia regulators conditionally approved a state water quality permit for the Atlantic Coast Pipeline (ACP) Tuesday, marking another step forward for the controversial 600-mile, 1.5 Bcf/d natural gas pipeline.
Potential for Chilly Late December Helps NatGas Futures Higher; Cash Posts Broad Declines
Natural gas futures nudged higher Wednesday, with visions of a frigid late December helping to ease concerns over frightful production numbers. In the spot market, moderating temperatures in the East accompanied broad declines most everywhere else, and the NGI National Spot Gas Average tumbled 14 cents to $3.05.
Outlook on Late-Month Frigid Blast Varying; January NatGas Called Even
January natural gas was set to open within a penny of even Tuesday at around $2.826 amid varying predictions for a cold blast that could lift heating demand later this month.
Eversource Fires Back at EDF on Claims of Costly NatGas Scheduling Practices
New England utility Eversource Energy is threatening to take legal action against the Environmental Defense Fund (EDF) over what it said are “false and misleading statements” about the utility’s natural gas pipeline scheduling practices from 2013-2016.
NatGas Futures Take Out $2.75 Support as East Coast Cash Prices Surge; Europe Gas Explosion Raises LNG Possibilities
Natural gas futures followed up last week’s selling by falling even further Tuesday, setting a new low for the January contract as the market appears to doubt whether winter demand can soak up ample production. Meanwhile, East Coast spot market buyers had no doubt about an increase in short-term demand, and big gains in the Northeast and Mid-Atlantic lifted the NGI National Spot Gas Average 21 cents to $3.19/MMBtu.