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
Natural Gas Futures Retreating as Pressure Felt from Plump Storage — MidDay Market Snapshot
Facing bearish headwinds from mild weather, weak physical market pricing and stubbornly elevated storage inventories, natural gas futures were retreating through midday trading Wednesday. Here’s the latest: June Nymex futures off 5.6 cents to $1.935/MMBtu as of 2:10 p.m. ET Market expectations coalescing around a slightly lighter-than-average injection Thursday This week’s U.S. Energy Information Administration…
Selling Continues for Natural Gas Futures Early Amid LNG Weakness
With LNG demand weakness countering a retreat in domestic production in updated estimates, natural gas futures continued to slide in early trading Wednesday. Coming off a 3.9-cent sell-off in Tuesday’s session, the June Nymex contract was down another 6.2 cents to $1.929/MMBtu at around 8:45 a.m. ET. Wood Mackenzie estimates put first-of-month production at 97.1…
Eyes on Freeport as Natural Gas Futures Seeing Momentum Swings — MidDay Market Snapshot
Uncertainty around demand at the Freeport LNG terminal had natural gas traders on a bumpy ride through midday Tuesday. Modest gains earlier in the session gave way to a steep sell-off shortly before lunchtime on the East Coast. Here’s the latest: June Nymex futures off 4.2 cents to $1.988/MMBtu as of 2:11 p.m. ET Front…
June Natural Gas Adds to Gains as Production Dips Further in Estimates
Natural gas futures were trading higher at the front of the curve early Tuesday as updated estimates offered further evidence of declining springtime production volumes. Coming off a 10.7-cent rally on Monday, the June Nymex contract was up 1.3 cents to $2.043/MMBtu at around 8:50 a.m. ET. Estimates from Wood Mackenzie as of early Tuesday…
Natural Gas Futures Rallying as Freeport Volumes Return — MidDay Market Snapshot
With recovering flows to the Freeport LNG terminal bringing out the bulls, natural gas futures were rallying through midday trading Monday. Spot prices were climbing off the lows recorded for delivery over the weekend. Here’s the latest: June Nymex futures up 9.3 cents to $2.016/MMBtu as of 1:58 p.m. ET With slow stochastics “in extreme…
LNG Uptick, Production Weakness Nudge Natural Gas Futures Higher Early
Natural gas futures clawed back some of their recent losses early Monday as soft production and hints of strengthening export demand supported prices. Coming off a 6.3-cent sell-off in Friday’s session, the June Nymex contract was up 2.3 cents to $1.946/MMBtu at around 8:45 a.m. ET. The May contract rolled off the board late last…
Natural Gas Forwards Mostly Lower as MVP Startup Impacts Summer Pricing
With excess storage inventories continuing to hang over the market through the shoulder season, natural gas forwards declined notably at the front of the curve for most regions during the April 18-24 trading period, data from NGI’s Forward Look show. May fixed prices at benchmark Henry Hub exited the period at $1.653/MMBtu, down 6.1 cents…
Discounts Abound in Natural Gas Markets to Close Out Week — MidDay Market Snapshot
As mild weather threatened to further pad storage surpluses, natural gas futures sagged through midday trading Friday. Meanwhile, spot market buyers seeking supplies for weekend and Monday delivery were finding bargains aplenty. Here’s the latest: June Nymex futures down 7.5 cents to $1.911/MMBtu as of 2:15 p.m. ET From recent levels, natural gas futures face…
U.S. Natural Gas Count Eases to 105; Oil Rigs Down Five, BKR Data Show
The U.S. natural gas rig count eased one unit lower to 105 for the week ended Friday (April 26), while a decline of five oil-directed rigs dropped the combined domestic tally six units week/week to 613, according to updated numbers from Baker Hughes Co. (BKR). The 105 active natural gas rigs in the United States…
Ahead of May Expiry, Natural Gas Futures Faltering as Storage Surplus Grows
As traders contemplated a swelling storage surplus amid mild springtime temperatures, natural gas futures were down sharply ahead of the front month expiration Friday. With volume thin in its final day of trading, the May Nymex contract was off 9.9 cents to $1.539/MMBtu as of 8:35 a.m. ET. June was trading 5.5 cents lower at…