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
Natural Gas Futures Give Back Gains Early as LNG Demand Levels Drop
Natural gas futures fell in early trading Tuesday, giving up a large chunk of the previous day’s gains as daily export demand levels faded in updated estimates. Coming off a 7.4-cent rally on Monday, the May Nymex contract was down 5.0 cents to $1.787/MMBtu as of 8:43 a.m. ET. A combination of colder forecast trends…
Bulls Not Fooling Around as Natural Gas Futures Continue Rally — MidDay Market Snapshot
The first day of April brought bullish price action to both natural gas futures and physical markets through midday Monday as a notable dip in production volumes appeared to fuel upward momentum. Still, like anything else on April 1, it may be best to approach first-of-the-month production estimates with some skepticism. Here’s the latest: May…
Natural Gas Futures Extend Gains Early Amid ‘Market Noise’; Production Estimates Dip
Helped by dipping first-of-month production numbers, natural gas futures climbed early Monday, continuing to build on gains from late last week. After rallying 4.5 cents ahead of Good Friday, the May Nymex contract was up another 2.8 cents to $1.791/MMBtu as of around 8:50 a.m. ET. Near-term conditions were creating “market noise” for natural gas…
Natural Gas Forwards Continue to Struggle as Market Wrestles with Storage Glut
As an outsized storage surplus continued to hang over the outlook, regional natural gas forward prices shed value during the March 21-27 trading period, NGI’s Forward Look data show. Front month fixed prices at benchmark Henry Hub fell 12.7 cents for the period to end at $1.577/MMBtu. However, the benchmark also saw double-digit losses for…
Natural Gas Futures Finding Second Wind — MidDay Market Snapshot
Natural gas futures were rallying through midday Thursday as the market continued to mull the balance implications of a storage result that landed on the bullish end of expectations. Cash prices, traded for Monday delivery, were generally pushing higher. Here’s the latest: May Nymex contract up 4.8 cents to $1.766/MMBtu at around 2:10 p.m. ET,…
Natural Gas Futures Steady Ahead of EIA Data; Pleasant April Temps on Tap
Natural gas futures hovered close to unchanged early Thursday as traders awaited updated government inventory data that was expected to reveal a weekly withdrawal in line with historical norms. The May Nymex contract was up 0.2 cents to $1.720/MMBtu as of 8:41 a.m. ET. June was trading at $1.957, up 0.4 cents. Predictions ahead of…
Natural Gas Prices Fading as Soft Demand from Holiday Weekend Looms — MidDay Market Snapshot
Near-term demand weakness, including from a milder shoulder season temperature outlook and declining export volumes, had natural gas futures trading lower through midday Wednesday. Physical prices for multi-day delivery over the upcoming holiday weekend saw heavy discounts. Here’s the latest: May Nymex contract down 7.5 cents to $1.713/MMBtu as of 2:21 p.m. ET NGI modeling…
Weighed Down by Soft Fundamentals, Weaker LNG Exports, Natural Gas Futures Slide Early
Natural gas futures retreated in early trading as signs of weaker LNG export volumes added to an already soft near-term fundamental outlook. Heading into its first day as the prompt month, the May Nymex contract was off 3.7 cents to $1.751/MMBtu as of 8:44 a.m. ET. The April contract rolled off the board Tuesday at…
Last-Minute Fireworks for Expiring April Natural Gas Futures — MidDay Market Snapshot
Shoulder season doldrums appeared to be setting in for natural gas futures traders Tuesday, though the April contract was flashing last-minute fireworks on its final day. Meanwhile, cash trading continued to reflect swollen storage levels and underwhelming springtime temperatures. Here’s the latest: April Nymex contract at $1.563/MMBtu as of 2:20 p.m. ET, off 5.2 cents;…
April Natural Gas Flat in Early Trading Ahead of Expiry
Natural gas futures were trading close to even early Tuesday, with the looming expiration of the April contract thus far failing to produce any fireworks amid depressed pricing at the front of the curve. The April Nymex contract was unchanged at $1.615/MMBtu as of 8:46 a.m. ET. May was off fractionally at $1.787. Analysts at…