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.


Unprecedented Lows in West Texas; Range-Bound Natural Gas Futures Finish Near Even

  • April Nymex futures settle at $2.755, up 0.2 cents; May up 0.7 cents to $2.774
  • “Natural gas pricing is positioned to open the week on shaky footing as flow data shows LNG feed gas down about 1.5 Bcf/d, while production is up about 1.0 Bcf/d”: TPH
  • Region-wide negative average spot prices in West Texas
  • “I’ve never seen wholesale price negativity like this before,” says NGI’s Rau
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Support Tested as Natural Gas Futures Fall; West Texas Cash Gains

  • April Nymex futures down 6.8 cents to $2.753, May down 6.0 cents to $2.767
  • Whether $2.75 support holds “will be the big question” over weekend: Powerhouse’s Thompson
  • “Constructive weather this quarter has helped boost the 1Q2019 storage withdrawal pace to average nearly 5 Bcf/d stronger than 1Q2018,” says Societe Generale
  • Average Waha physical prices climb back into positives as West Texas spot gains marginally
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