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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Rally Running Out of Steam for NatGas Futures; Cash Mixed — MidDay Market Snapshot
Natural gas futures were lower through midday trading Wednesday, retreating sharply from early highs as the market continued to wrestle with a mixed fundamental outlook underscored by an enduring storage overhang. Here’s the latest: June Nymex futures down 2.4 cents to $2.183/MMBtu as of 2:11 p.m. ET; July off fractionally at $2.469 The rally that…
Natural Gas Futures Finding Further Upside Amid Low Production, Freeport Strength
Spurred on by dipping production figures amid springtime pipeline maintenance, natural gas futures continued to find upward momentum in early trading Wednesday. With bulls aiming to send prices higher for a fifth consecutive session, June Nymex futures were up 5.4 cents to $2.261/MMBtu at around 8:45 a.m. ET. Domestic production totaled 95.1 Bcf/d in early…
Traders Hit Pause on Rally as Natural Gas Futures Steady — MidDay Market Snapshot
Having posted sizable gains since late last week, natural gas futures were up a more modest amount through midday Tuesday; traders were left to mull a fundamental outlook headlined by falling supply estimates. Here’s the latest: June Nymex futures up 1.2 cents to $2.207/MMBtu as of 2 p.m. ET Front month up roughly 20 cents…
MVP Mainline Releases Water During Testing as In-Service Target Nears
As Mountain Valley Pipeline LLC (MVP) seeks to conclude a protracted construction phase and enter service this month, the developer recently experienced a setback in Virginia when a section of pipe ruptured during hydrostatic testing. The incident, which occurred last Wednesday on the MVP mainline in Roanoke County, VA, saw water escape through the rupture;…
Natural Gas Futures Add to Gains Early as Production Dips on Pipe Maintenance
With falling supply amid springtime pipeline maintenance supporting the fundamental outlook for natural gas, futures added to their recent gains in early trading Tuesday. The June Nymex contract was up 1.7 cents to $2.212/MMBtu at around 8:30 a.m. ET. July was up 1.2 cents to $2.475. Daily production declined sharply in updated estimates on Tuesday…
Natural Gas Futures Finding Further Upside — MidDay Market Snapshot
With recent developments supporting the summer export demand outlook, natural gas futures were headed for a third straight daily gain through midday trading Monday. Here’s the latest: June Nymex futures at $2.206/MMBtu, up 6.4 cents, as of 2:17 p.m. ET Nymex natural gas speculators increased their collective net short position during the week ended April…
Natural Gas Futures Climb Further Amid Ramping Freeport Flows
With flows to the Freeport LNG terminal ramping up in recent days, strengthening the demand outlook as summer approaches, natural gas futures continued to climb in early trading Monday. After rallying 10.7 cents on Friday, the June Nymex contract was up another 5.8 cents to $2.200/MMBtu at around 8:40 a.m. ET. Updated Wood Mackenzie pipeline…
SoCal Summer Premiums Ease in Recent Natural Gas Forwards Trading
Amid continued downward pressure from excess storage inventories, and with cooling demand yet to ramp up in earnest, regional natural gas forwards drifted lower during the April 25-May 1 trading period, according to NGI’s Forward Look. June fixed prices at Henry Hub exited the period at $1.939/MMBtu, down 4.6 cents week/week. In line with the…
Three Natural Gas Rigs Exit U.S. Onshore, BKR Says
The U.S. natural gas rig count slid to 102 during the week ended Friday (May 3) as three rigs were sent packing for the period, according to updated figures from oilfield services provider Baker Hughes Co. (BKR). The 102 active U.S. natural gas rigs as of Friday represented a decline of 55 rigs versus the…
Natural Gas Rallies as Cheniere CEO Reassures Market on Maintenance — MidDay Market Snapshot
Natural gas futures were rallying through midday trading Friday after management comments from a major U.S. LNG player assuaged market concerns that maintenance disruptions could hamper summer export demand. Here’s the latest: June Nymex futures at $2.143/MMBtu, up 10.8 cents, as of 2:05 p.m. ET Cheniere Energy Corp. 1Q2024 results, management comments greeted enthusiastically by…