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.
jeremiah.shelor@naturalgasintel.com

ARTICLES

Triple-Digit Storage Withdrawal Predicted as Wild Ride Continues for Natural Gas Futures

  • December Nymex settles at $4.523, down 17.7 cents; January down 19.1 cents to $4.521
  • “It was another surprising day...as volatility remains incredibly elevated,” says Bespoke
  • Recent volatility “driven by positioning, short-covering, stop-outs and the follow-through of algorithmic trading on the movements of both of the former,” says Energy Aspects
  • Top-day production estimates down slightly Tuesday to 85.2 Bcf/d, including drops in Texas, Permian and Rockies: Genscape
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Natural Gas Futures Continue Volatile Run as Market Sorts Out Fair Value

  • December Nymex up 42.8 cents to $4.700; January up 42.1 cents to $4.712
  • “We’re going to have this sorting out between $4.929 and $3.882,” says Powerhouse’s Thompson
  • Midday Global Forecast System trended colder, showing shorter, weaker mild break late this week and into the weekend: NatGasWeather
  • California prices climb as first in series of cold fronts expected
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Volatile Natural Gas Futures Rally as Upcoming Mild Break Seen Weaker; Northeast Cash Climbs

Colder weather trends over the weekend and midday helped rally a natural gas futures market attempting to find fair value after last week’s explosive volatility. In the spot market, more cold temperatures in the forecast accompanied big gains in the Northeast, while Northwest Sumas moderated further on signs of constraints easing in British Columbia (BC); the NGI Spot Gas National Avg. picked up 59.0 cents to $4.940/MMBtu.

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Long-Range Cold Risks Help Spark Natural Gas Futures Rally to Cap Wild Week

  • December Nymex up 23.4 cents to $4.272; January up 24.8 cents to $4.291
  • “Things have been moving so quickly, even intraday technical indicators are having a hard time keeping up,” says NGI’s Rau
  • “If there is one high confidence statement at this stage it is that a significant gap can be expected Sunday,” says Bespoke
  • West Texas spot prices fall to levels seen prior to NGL pipe outage
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More Volatility as Natural Gas Futures Rally on Long-Range Cold Risks, Storage Fears

Natural gas futures rallied Friday to close out a wild week, with forecasters pointing to long-range cold risks that served to exacerbate storage fears. In the spot market, a number of Northeast points gained on a wintry forecast as most regions sold off heading into the weekend; the NGI Spot Gas National Avg. fell 67.0 to $4.350/MMBtu. Read More