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
Extreme Cold Drives Record-Setting Week in NatGas Cash; Futures See Warm-Up Ahead
In a week that saw the highest spot price ever recorded by NGI, extreme cold weather — including a fast-developing winter storm that pummeled the East Coast — drove up demand and cash volatility. Nearly every region followed by NGI saw widespread gains of $1 or more, and the Weekly Spot Gas Average surged $5.36 to $10.71/MMBtu.
January 5, 2018
NatGas Market Eyeing EIA Storage in Wake of Arctic Blast; February Called Higher
February natural gas was set to open about a penny higher Thursday at around $3.023 as the market turned its attention to the 10:30 a.m. EDT release of the Energy Information Administration’s (EIA) weekly storage inventory report.
January 4, 2018
EIA’s First Gauge of Recent Cold Blast a Bearish Miss as NatGas Futures Retreat
The Energy Information Administration’s (EIA) first storage inventory report covering the recent Arctic cold missed to the bearish side of consensus estimates Thursday, and prompt-month futures pulled back on the news.
January 4, 2018
NGI The Weekly Gas Market Report
NatGas Spot Hits Record $175/MMBtu at Transco Z6 NY Amid Nor’easter: MidDay Alert
Heavy snow, blustery winds and the highest natural gas spot price ever recorded by NGI marked a day of extremes in Thursday’s market. Driven by cash prices north of $100/MMBtu in the Northeast, NGI’s National Spot Gas Average climbed into the double digits, adding $5.94 to average $16.78/MMBtu.
January 4, 2018
Overnight Models Show HDD Losses in Weeks Ahead; February NatGas Called Lower
February natural gas was set to open about 4 cents lower at around $3.012 Wednesday as weather models overnight showed some heating demand losses in the second and third week of the outlook.
January 3, 2018
NGI’s MidDay Alert Price Service: NY’s Transco Zone 6 Natural Gas Highs Shatter $50/MMBtu
A so-called winter bomb cyclone had day-ahead natural gas prices soaring along the East Coast Wednesday, with trades shooting as high as $60/MMBtu as forecasters were calling for blizzard-like conditions in the Northeast. Despite prices moderating in the Midwest and Texas, the NGI National Spot Gas Average added another $2.49 to $10.84/MMBtu.
January 3, 2018
February NatGas Called Higher Amid Arctic Blast, but Long-Range Warming Still Expected
February natural gas was set to open about 4 cents higher Tuesday at around $2.996, with arctic cold in the near-term lifting the market as a potential warm-up lingers in the longer-term.
January 2, 2018
January NatGas Bidweek Marked by Bearish Futures, Late-December Arctic Chills
Winter’s arctic freeze along the East Coast and the Midwest was enough to overcome lingering December weakness in the rest of the country, promoting NGI’s January Bidweek National Average price by 24 cents to $3.36/MMBtu.
January 2, 2018
Polar Vortex-Level Demand Prompts Big NatGas Cash Surge; Futures Rally Too
With demand over the holiday weekend surpassing peak 2013/14 polar vortex levels and frigid temperatures leading to production freeze-offs, natural gas spot prices rocketed higher Tuesday. Even as several Northeast points moderated to trade at less-elevated premiums, the NGI National Spot Gas Average jumped $1.30 to average $8.35/MMBtu.
January 2, 2018
Volatility Abounds for NatGas Cash Amid Extreme Arctic Blast; Futures Run Out of Steam
Thanks to bone-chilling temperatures across much of the Lower 48, Friday’s natural gas spot market proved a holiday treat for those craving winter volatility; Midcontinent prices fell back to earth after skyrocketing to record levels the day before, while most regional averages gained anywhere from 50 cents to $7 or more. The NGI National Spot Gas Average gained $1.27 to $7.05.
December 29, 2017