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
U.S. Adds Four NatGas Rigs as Win Streak Stretches to Fourth Week
The United States added four natural gas-directed rigs for the week ended Friday, building on recent winning streak that stretches back to last month, according to updated data from Baker Hughes Inc. (BHI).
Forecast Fatigue? NatGas Futures Inch Higher as Market Anticipates Cold Blast
Natural gas futures continued to trade on the forecasts Friday, specifically the relative strength of chilly temperatures expected to move through beginning mid-week; January finished modestly higher on the latest models showing gains in projected heating demand through Dec. 15. Lighter demand heading into the weekend pointed to a spot market disinterested in three-day deals, and theNGI National Spot Gas Average fell 13 cents to $2.65.
NatGas Spot Market Spends Week Waiting For Cold as Futures Trade on Forecasts
Natural gas markets spent the week looking ahead to December cold; between bidweek and futures trading, the natural gas markets keyed in on forecasts for chilly temperatures expected to move through beginning Dec. 6-7. A relative lack of short-term demand weighed on the spot market as it waited for that forecast cold to materialize, and the NGI Weekly Spot Gas Average fell 14 cents to $2.71/MMBtu.
January NatGas Pulls Back on Warmer Shifts in Overnight Weather Data
January natural gas was set to open about 8 cents lower at around $3.10 Thursday on some warmer overnight runs in the weather models.
Slightly Bearish EIA Storage Report Barely Moves NatGas Futures as Market Focuses on Weather
The Energy Information Administration (EIA) reported a net withdrawal from natural gas stocks Thursday that fell on the bearish side of market expectations, but the report failed to move the needle in the January contract as forecast December cold remained the focus.
NatGas Market Skittish Over Warm Shift in Next Week’s Cold Pattern; Bearish Storage No Help
For natural gas markets, sometimes the weather forecast giveth, and sometimes it taketh away.
Growing Confidence in Forecast Cold Excites NatGas Bulls; January Called Higher
January natural gas was set to open about 6 cents higher at around $3.19 Wednesday, with the market continuing to gain momentum on growing confidence in a cold weather pattern set to move in after the first week of December.
Rover Progressing on HDDs as Ohio EPA Continues Hounding Pipeline
Rover Pipeline LLC has completed over half of the 49 horizontal directional drills (HDDs) needed for the 710-mile, 3.25 Bcf/d interstate natural gas pipeline, and soon expects FERC to reauthorize the remaining eight HDDs still held up by a moratorium issued in May, an Energy Transfer Partners LP (ETP) spokeswoman said this week.
January NatGas Gains for Third Straight Day Amid Confidence in December Cold; Cash Follows
Natural gas futures gained for the third day in a row, continuing to gain momentum on a bullish outlook for December cold even as an early morning surge prompted some profit-taking.
January NatGas Called Higher as Market Eyes Long-Range Cold
January natural gas was set to open about 5.4 cents higher at around $3.071 Tuesday as the market looks ahead to potential cold developing in the long-range forecast.