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
EQT Announces Production Cuts, Spurring Swift Natural Gas Futures Response
Natural gas futures spiked in early trading Monday after the largest U.S. natural gas producer announced a “strategic production curtailment” to help the market negotiate a supply glut driven by mild weather. The April Nymex contract was up 13.5 cents to $1.970/MMBtu as of 8:27 a.m. ET. May was up 12.8 cents to $2.103. Appalachian…
Meek March Weather Weighing Down Natural Gas Futures — MidDay Market Snapshot
Natural gas futures drifting lower to close out work week as March set to deliver more blowtorch temps April Nymex futures off 1.4 cents to $1.846/MMBtu as of 2:10 p.m. ET First 15 days of March on track to be fourth warmest for the period on record, according to Maxar meteorologist Brad Harvey “Daily record…
Natural Gas Drillers Drop One Rig as Weak Prices Continue
The total number of active U.S. natural gas-directed rigs eased one unit lower to 119 for the week ended Friday (Mar. 1), while an increase in oil drilling helped lift the overall domestic rig count three units higher to 629, according to updated numbers from Baker Hughes Co. (BKR). The 119 U.S. natural gas rigs…
Dip in Output Promotes Some Strengthening Along 2024 Natural Gas Forward Curves
Regional natural gas forward curves offered hints of a market climbing out of the doldrums for the upcoming injection season, even as many hubs held flattish week/week for April delivery, NGI’s Forward Look data show. Fixed prices at Henry Hub for April delivery added 2.2 cents for the Feb. 22-28 trading period to reach $1.897/MMBtu,…
Weak Weather, ‘Bloated’ Storage Pressure Natural Gas Futures Early
With a sizable inventory surplus continuing to hang over the market, natural gas futures were trading slightly lower early Friday. The April Nymex contract was off 0.9 cents to $1.851/MMBtu as of 8:48 a.m. ET. May was down 2.2 cents to $1.986. The U.S. Energy Information Administration (EIA) on Thursday reported a 96 Bcf withdrawal…
Natural Gas Forward Curves Strengthening for 2024 Amid Signs of Weaker Production
Regional natural gas forward curves offered hints of a market climbing out of the doldrums for the upcoming injection season, even as many hubs held flattish week/week for April delivery, NGI’s Forward Look data show. Fixed prices at Henry Hub for April delivery added 2.2 cents for the Feb. 22-28 trading period to reach $1.897/MMBtu,…
No Leap Higher for Natural Gas Futures Despite Storage Miss — MidDay Market Snapshot
Natural gas futures fail to rally on supportive storage miss as market still headed for hefty end-of-season inventory cushion April Nymex contract went as high as $1.918/MMBtu after reported 96 Bcf withdrawal for week ended Feb. 23, versus 80s Bcf consensus The front month was off 1.9 cents to $1.866/MMBtu as of 2:21 p.m. ET…
Lighter-Than-Normal Withdrawal Expected from EIA as Natural Gas Futures Slide
Natural gas futures eased lower early Thursday as traders prepared to digest another surplus-padding result from the latest government inventory data, and as the weather outlook continued to offer little encouragement for bulls. The April Nymex contract was off 2.3 cents to $1.862/MMBtu as of 8:48 a.m. ET. May was down 2.1 cents to $2.031.…
Natural Gas Futures Finding Upward Momentum on Production Pullback — MidDay Market Snapshot
Natural gas futures higher through midday trading as estimates continue to show production off recent highs April Nymex contract up 7.4 cents to $1.882/MMBtu as of 2:11 p.m. ET; stronger gains for May, June, July contracts Fourth consecutive surplus-padding storage print expected from weekly U.S. Energy Information Administration (EIA) report Thursday NGI modeling minus-84 Bcf,…
Lighter Production, Technicals Seen Supportive as Natural Gas Futures Climb
Benefiting from technical momentum and easing production volumes, natural gas futures advanced in early trading Wednesday, though bearish weather headwinds remained. The April Nymex contract was up 5.0 cents to $1.858/MMBtu as of 8:42 a.m. ET. May was up 4.7 cents to $2.012. April enters its first day as the new prompt month with an…