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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NGI The Weekly Gas Market Report
NatGas Futures Surge on Forecast Cold, Cash Too; SoCal Spikes in Forwards, Bidweek
Natural gas futures picked up steam Tuesday, climbing by double digits for the second straight day on forecasts for cold temperatures arriving after Dec. 7. Cash markets followed the futures higher, with the bears losing their grip after near-term warmth drove widespread losses the prior two trading days. The NGI National Spot Gas Average climbed 12 cents to $2.81.
November 28, 2017
December NatGas Called Higher on Long-Range Cold Following Steep Drop
December natural gas was set to open about a dime higher at around $2.92 Monday, with the market eyeing long-range cold after a large drop Friday to price in some above-normal temperatures in the shorter-term.
November 27, 2017
NatGas Futures Move Higher on Long-Term Cold; Cash Falls on Near-Term Warmth
After an up-and-down weekend for natural gas futures, cold temperatures in the long-term forecast helped the December contract trade higher Monday as it gets set to come off the board. In the spot market, widespread above-normal temperatures had most regions trading in the red, and the NGI National Spot Gas Average fell 5 cents to $2.69/MMBtu.
November 27, 2017
During Holiday Week, Lack of Consistent Cold Brings NatGas Bears Out to Play
A lack of consistent cold weather heading into the Thanksgiving holiday had spot prices trending downward for the second week in a row, and the NGI Weekly Spot Gas Average during the three-day trading week for Nov. 21-27 flow dropped 14 cents to $2.85/MMBtu.
November 25, 2017
December NatGas Called Lower on Overnight Warming; Market Eyeing Early EIA Report
December natural gas was set to open about 2 cents lower Wednesday at around $2.996 as more warming showed up overnight in the medium-range forecast.
November 22, 2017
Storage Withdrawal Not Enough to Lift December NatGas Ahead of Holiday
The Energy Information Administration (EIA) reported a net 46 Bcf withdrawal from U.S. natural gas stocks for the week ended Nov. 17, a slightly smaller decline than what the market had been expecting.
November 22, 2017
NatGas Futures Continue Slump; Cash Plummets on Soft Holiday Demand
Natural gas futures continued to slump Wednesday as a bearish medium-range weather outlook overshadowed another weekly storage withdrawal. The spot market was dripping in red ink, with forecast weak demand following the Thanksgiving holiday not offering much incentive for buyers to lock in deals through the long weekend. The NGI National Spot Gas Average tumbled 17 cents to $2.74.
November 22, 2017
More Divergence in Weather Models; December NatGas Called Lower
December natural gas was set to open Tuesday about a penny lower at around $3.035 as more disagreement between the major weather models clouded the outlook for early December.
November 21, 2017
NGI The Weekly Gas Market Report
New England Utilities Sued over NatGas Scheduling Practices
A group of New England residents has filed a class-action lawsuit accusing Eversource Energy and Avangrid Inc. of artificially increasing natural gas spot market prices to benefit their electric generating assets between 2013 and 2016.
November 21, 2017
December NatGas Falls Again Ahead of Predicted Storage Withdrawal; Cash Unchanged
Natural gas futures fell for the second consecutive day Tuesday, threatening to fill the bottom of a gap in the chart that formed earlier this month. With the Thanksgiving holiday approaching, spot prices were mixed, and save for some larger shifts in the Northeast and in the West, changes mostly fell within a nickel of even. The NGI National Spot Gas Average finished flat at $2.91.
November 21, 2017