Jeremiah Shelor

Markets Editor | Dulles, VA
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, Spot Prices Drop as Forecasts Seen Moderating

  • February Nymex down 44.2 cents to $3.040; March down 26.7 cents to $2.972
  • Selling driven by data showing greater odds of polar cold “retreating back into Southern Canada during the first week of February,” says NatGasWeather
  • Sell-off larger than expected, potentially overdone based on forecasts: Bespoke
  • Lower 48 production down to 84 Bcf/d on freeze-offs, operational issues, says Genscape
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Moderating Forecasts Send Natural Gas Futures, Spot Prices Plunging

Another weekend shift in the weather outlook sent natural gas futures plunging Tuesday as guidance indicated cold temperatures to close out January could fizzle out sooner rather than later. In the spot market, forecasts for a warm-up following Monday’s intense cold blast helped drive discounts across most regions; the NGI Spot Gas National Avg. sank $1.415 to $3.105/MMBtu. Read More

Colder Guidance Helps Natural Gas Futures Rebound After Early Selling

  • February Nymex futures up 6.9 cents to $3.482; March up 6.5 cents to $3.239
  • “Now we head into the weekend with a decent amount of cold risk priced back into the market,” says Bespoke
  • Market “taking a ‘prove it to me’ attitude” with cold forecasts: EBW’s Weissman
  • BHGE U.S. rig count down 25 for week ended Jan. 18 as oil price volatility seen making producers skittish
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After Rallying Early, Natural Gas Futures Sell Off on Milder Forecast Trends

  • February Nymex futures up 2.9 cents to $3.413; March up 2.7 cents to $3.174
  • Last three trading days “like carbon copies of each other” as early gains erased on milder forecast trends, says Bespoke
  • GFS, Euro models trend milder, showing breaks between cold blasts: NatGasWeather
  • Dip in Lower 48 production since November not structural, output to rebound, says Genscape
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