Kevin Dobbs joined the staff of NGI in April 2020. Prior to that, he worked as a financial reporter and editor for S&P Global Market Intelligence, covering financial companies and markets. Earlier in his career, he served as an enterprise reporter for the Des Moines Register. He has a bachelor's degree in English from South Dakota State University.
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Articles from Kevin Dobbs
Natural Gas Futures Extend Rally, Propelled by LNG Momentum
Natural gas prices see-sawed Tuesday as traders weighed modest near-term domestic heating needs against an anticipated freeze early next month and surging demand for U.S. liquefied natural gas (LNG). Ultimately, the latter factors carried the day, and the January Nymex gas futures contract advanced 3.5 cents and settled at $3.869. February gained 1.6 cents to…
January Natural Gas Futures Find Further Traction, Climb a Second Day on LNG Strength
Natural gas prices see-sawed Tuesday as traders weighed modest near-term domestic heating needs against an anticipated freeze early next month and surging demand for U.S. liquefied natural gas (LNG). Ultimately, the latter factors carried the day, and the January Nymex gas futures contract advanced 3.5 cents and settled at $3.869. February gained 1.6 cents to…
Natural Gas Futures Jump Higher as U.S. Exports Estimated at Record Level
Natural gas prices rebounded with a flurry on Monday, driven higher by surging demand for U.S. exports of liquefied natural gas (LNG) and domestic forecasts for colder weather in the month ahead. The January Nymex gas futures contract settled at $3.834, up 14.4 cents day/day. The prompt month was up more than 20 cents in…
Export Demand Fuels January Natural Gas Futures Rally
Natural gas prices rebounded with a flurry on Monday, driven higher by surging demand for U.S. exports of liquefied natural gas (LNG) and domestic forecasts for colder weather in the month ahead. The January Nymex gas futures contract settled at $3.834, up 14.4 cents day/day. The prompt month was up more than 20 cents in…
Natural Gas Futures Skid Lower as Forecasts Point to Modest Heating Demand; Cash Climbs
Natural gas futures slipped further Friday, led lower by forecasts for benign weather through the end of December. The January Nymex contract settled at $3.690/MMBtu, down 7.6 cents day/day. A day earlier, the prompt month fell 3.6 cents. February lost 7.6 cents and closed at $3.639/MMBtu on Friday. NGI’s Spot Gas National Avg., in contrast,…
Natural Gas Futures Skid Lower as Forecasts Point to Modest Heating Demand; Cash Climbs
Natural gas futures slipped further Friday, led lower by forecasts for benign weather through the end of December. The January Nymex contract settled at $3.690/MMBtu, down 7.6 cents day/day. At A Glance: Weather outlook remains dubious Demand for exports holds strong Cash prices soar in Northeast A day earlier, the prompt month fell 3.6 cents.…
Fed Foreshadowing Rate Hikes, but Signaling Strong Conditions for Oil, Natural Gas Demand
With inflation surging, led by lofty oil and natural gas prices in 2021, Federal Reserve policymakers this week said they would hasten their drawdown of pandemic aid and signaled they could raise interest rates multiple times in 2022. While the shift presents potential downsides for energy companies in the year ahead – notably, higher borrowing…
U.S. Crude Production Holds at 2021 Peak as Demand Spikes
U.S. oil output last week held strong by pandemic standards, but demand for petroleum products surged during the period and inventories declined, the U.S. Energy Information Administration (EIA) said Wednesday. Production for the week ended Dec. 10 was flat at a 2021 high of 11.7 million b/d. It had climbed by 100,000 b/d each of…
Opal Takes Next Step in RNG Expansion; Amp Americas Strikes Two Deals
Opal Fuels LLC, which produces and distributes renewable natural gas (RNG) with ambitious expansion plans, said Tuesday it has a joint venture (JV) to develop facilities that would capture landfill methane emissions for conversion to transportation fuels. Opal, which aims to grow production volumes to more than 125 million gasoline gallon equivalents (GGE) in 2024,…
Surging Coronavirus Cases Expected to Slow Global Oil Demand
Rising coronavirus cases driven by the new Omicron variant are expected to curb but not derail a global recovery in oil demand, the International Energy Agency (IEA) said Tuesday in its latest Oil Market Report for December. IEA noted that cases are climbing across many regions of the world in the wake of Omicron outbreaks…