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

Largest-Weekly-US-Rig-Count-Declines-20200327

Natural Gas Futures Steady as Oil Patch in Turmoil

Amid upheaval in the oil patch and uncertainty over the demand impacts of the coronavirus pandemic, natural gas futures managed to hold relatively steady in Friday’s trading. The April Nymex contract rolled off the board at $1.634/MMBtu, off 0.3 cents day/day. The May contract slid 1.8 cents to $1.671.

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storage0320

EIA Data Not Enough to Lift Prices as Natural Gas Market Weighs Virus Risks

  • April Nymex futures down 2.2 cents to $1.637/MMBtu
  • “In total, the net loss of demand from April 2020 through March 2021 is likely to reach nearly 1,600 Bcf...but could be significantly larger,” says EBW
  • Warmer-than-normal spring in Europe could “provide a sliver of support” for LNG market: Genscape
  • EIA-reported 29 Bcf withdrawal “looser in terms of supply/demand balances, which is to be expected as we move forward in the slowdown of the economy,” says Bespoke
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