Jodi Shafto joined NGI as a Senior Natural Gas Reporter in October 2023. Before that, she was a business news reporter for South Carolina's largest daily newspaper, The Post and Courier, and was a Senior Energy Markets Reporter at S&P Global Market Intelligence. Based out of Charleston, Jodi has covered US energy markets since 2005 as a reporter, editor and analyst. A New Jersey native, she holds a BS in Journalism from Bowling Green State University.
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Articles from Jodi Shafto
EIA Maintains 2024 Natural Gas Price Forecast, Sees Modest Production Decline Leading to 2025 Record
The U.S. Energy Information Administration (EIA) is projecting a Henry Hub natural gas spot price average at $2.20/MMBtu for 2024, unchanged from the average price the agency modeled a month earlier. In the May release of its Short-Term Energy Outlook (STEO), published Tuesday, EIA said it expects Henry Hub spot prices to average $3.10 for…
May 7, 2024
While ‘Not Yet There,’ Technicals Point Toward a Natural Gas Futures Market Recovery
Technical indicators suggest natural gas bulls could soon take control of the market after a run higher for June natural gas futures on the New York Mercantile Exchange (Nymex). The prompt-month June futures contract first broke above the descending triangle formulation that has been constraining it since mid-February on Thursday (May 2), said NGI’s Pat…
May 7, 2024
Targa Looking Past Natural Gas Price Volatility, Planning Infrastructure for Rising Permian Production
Targa Resources Corp. is moving forward with two major projects based on its outlook for increasing Permian Basin natural gas production and resulting natural gas liquids (NGL) supply growth. High utilization rates at the 250 MMcf/d Pembrook processing facility in the Permian’s Midland sub-basin “necessitates moving forward with Pembrook II,” CEO Matt Meloy said during …
May 6, 2024
MPLX Opens Door to Growth Opportunities in ‘Liquids-Rich’ Marcellus, Utica and Permian
MPLX LP management said two strategic transactions announced in the first quarter would open the door to growth opportunities in the Marcellus and Utica shales and the Permian Basin. During a conference call to discuss quarterly performance, CEO Michael Hennigan told analysts that exploration and production (E&P) companies are targeting liquids-rich acreage in the Northeast.…
May 2, 2024
Technicals Point to Oversold Natural Gas Futures Ready for Upside
Technical market indicators suggest a bottom could be near for the newly anointed prompt-month June futures contract on the New York Mercantile Exchange (Nymex). June futures settled down 6.3 cents at $1.923/MMBtu on Friday (April 26). On Monday, the contract’s first day in the lead position, losses were reversed as June increased 10.7 cents to…
April 30, 2024
May Natural Gas Bidweek Ends with Whimper; Demand Too Weak to Trim Robust Supply
With mild weather on tap and natural gas supply remaining stubbornly high, baseload natural gas prices for May stayed depressed on Friday (April 26), the third day of bidweek trading, according to NGI’s Bidweek Alert (BWA). Activity trickled lower on the last day of bidweek trade for May baseload flows, with the Midwest and Midcontinent…
April 29, 2024
May Natural Gas Bidweek Prices Depressed on Second Day of Trade
As bidweek continued into a second day Thursday (April 25), baseload prices maintained the weak tenor established in Wednesday’s opener, according to NGI’s Bidweek Alert (BWA). Deal volumes were predominantly lower from Wednesday levels. Bidweek trading concludes on Friday. Leading on volume, Dawn in the Midwest saw 249,000 MMBtu/d in total volumes traded in 64…
April 26, 2024
Mild Weather and Supply Woes Weigh on May Natural Gas Bidweek Prices
Baseload natural gas prices were trending lower for May delivery as mild weather and a glut of supply in Texas kept bidders from rushing to buy on the first day of bidweek trading Wednesday (April 24), according to NGI’s Bidweek Alert (BWA). In West Texas, Waha traded at fixed prices between negative 44.0 cents and…
April 25, 2024
Premium Too High for Customers Requesting Renewable Fuels, Natural Gas Suppliers Say
Natural gas end users are increasingly focused on sustainability and have shown a keen interest in the availability of low carbon fuel options. Still, the question often arises – are they willing to pay a premium? At the recent LDC Gas Forums Southeast in Ponte Vedra Beach, FL, executives of local distribution companies and natural…
April 25, 2024
Planning Said Essential for Natural Gas Utilities Lacking Pipeline Capacity to Move Supply to Market
In a natural gas market where abundant supplies and a lack of demand have depressed prices, the scarcity of pipeline capacity has added to the complexity for buyers who must ensure daily deliverability to customers, a panel of executives said recently. “When you talk about supply and demand in pricing, I have been in the…
April 23, 2024