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Jeremiah Shelor

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.

Natural Gas Futures Pull Back Early as Traders Eye ‘Dangerous Weekend to Hold’

Natural Gas Futures Pull Back Early as Traders Eye ‘Dangerous Weekend to Hold’

Amid lower cooling demand expectations from the latest round of forecasts, natural gas futures pulled back in early trading Friday. The August Nymex contract was down 1.2 cents to $3.649/MMBtu at around 8:45 a.m. ET. Both the American and European weather models dropped cooling demand from the outlook overnight, according to NatGasWeather. “Most of the…

July 2, 2021
Natural Gas Bulls Romp in Bidweek Trading as Demand, July Heat Fuel Price Rally

Natural Gas Bulls Romp in Bidweek Trading as Demand, July Heat Fuel Price Rally

A weather outlook signaling sustained robust cooling demand during the month of July helped send natural gas prices soaring in bidweek trading. In parallel with steep gains in the futures market, NGI’s July Bidweek National Avg. surged 72.5 cents higher month/month to $3.550/MMBtu. The bullish bidweek prices this summer stand in sharp contrast to the…

July 1, 2021
Natural Gas Futures Poised for ‘Another Wild Day’ as Prices Rally Ahead of Storage Report

Natural Gas Futures Poised for ‘Another Wild Day’ as Prices Rally Ahead of Storage Report

Natural gas futures seemed headed for another volatile session Thursday, rallying in early trading ahead of the latest round of government inventory data. The August Nymex contract was up 10.0 cents to $3.750/MMBtu at around 8:50 a.m. ET. Estimates ahead of this week’s Energy Information Administration (EIA) storage report, scheduled for 10:30 a.m. ET, have…

July 1, 2021
After ‘Exceptionally Volatile’ Session, Natural Gas Futures Surge Higher Early

After ‘Exceptionally Volatile’ Session, Natural Gas Futures Surge Higher Early

Tight balances and weather maps blanketed in above-normal temperatures kept the heat on in the natural gas futures market heading into Wednesday’s session, with prices sharply higher in early trading. At around 8:50 a.m. ET, the August Nymex contract was up 10.1 cents to $3.731/MMBtu. The futures market is coming off an “exceptionally volatile” session…

June 30, 2021
Bulls in Control on Summer Heat as Natural Gas Futures Continue to Charge Higher Early

Bulls in Control on Summer Heat as Natural Gas Futures Continue to Charge Higher Early

Propelled by strong summer heat and associated cooling demand, natural gas futures showed no signs of losing momentum early Tuesday. Even after several straight sessions of gains, bulls remained in control early, sending the August Nymex contract 11.9 cents higher to $3.712/MMBtu at around 8:45 a.m. ET. The August contract surged 7.3 cents higher in…

June 29, 2021
Natural Gas Prices Rally Early Despite Cooler Forecast as Analysts See ‘Conflicting Forces’

Natural Gas Prices Rally Early Despite Cooler Forecast as Analysts See ‘Conflicting Forces’

Natural gas traders shrugged off a cooler change to forecasts over the weekend, sending prices rallying early Monday ahead of prompt month expiration. The expiring July contract was up 5.7 cents to $3.553/MMBtu at around 8:50 a.m. ET. August was up 5.6 cents to $3.576. There are “conflicting forces at work” in the natural gas…

June 28, 2021
Natural Gas Rig Count Up as Overall U.S. Activity Flat in Latest Tally

Natural Gas Rig Count Up as Overall U.S. Activity Flat in Latest Tally

The U.S. natural gas rig count climbed one unit to finish at 98 for the week ended Friday (June 25), while a small decline in oil rigs left the overall domestic tally flat for the period, according to data from Baker Hughes Co. (BKR). One oil-directed rig exited the patch in the United States during…

June 25, 2021
Tight Supply, Demand Balance Pushes Natural Gas Forwards Higher

Tight Supply, Demand Balance Pushes Natural Gas Forwards Higher

Mirroring the recent bullish summer run for Henry Hub futures, natural gas forwards rose from coast-to-coast during the June 17-23 trading period. Indications of a tight supply/demand balance, coupled with an overall bullish temperature outlook, saw natural gas prices maintain their upward momentum. Spurred by a bullish surprise in the latest Energy Information Administration (EIA)…

June 25, 2021
U.S. Rig Count Pauses at 470 on Gain in Natural Gas Patch, Small Decrease in Oil Drilling

U.S. Rig Count Pauses at 470 on Gain in Natural Gas Patch, Small Decrease in Oil Drilling

A small decline in the oil patch and a small gain in natural gas-directed drilling left the combined U.S. rig count unchanged at 470 during the week ended Friday (June 25), according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). One natural gas rig was added and one oil rig exited…

June 25, 2021
Natural Gas Futures Probe Higher Early as Temps Next Week Seen Trending Hotter

Natural Gas Futures Probe Higher Early as Temps Next Week Seen Trending Hotter

Forecasts advertising hotter-trending temperatures in the near term helped natural gas futures continue to probe higher in early trading Friday. The July Nymex contract was up 1.3 cents to $3.431/MMBtu at around 8:45 a.m. ET. The updated forecast as of early Friday showed hotter trends for the next week or so, according to Bespoke Weather…

June 25, 2021
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