Kevin Dobbs

U.S. inventories of jet fuel reached a seven-year low last month as mounting demand intersected with lower production, federal researchers said in a report Monday. Jet fuel supplies had increased over the summer months as refineries ramped up output to meet rebounding demand for gasoline and distillate fuels. Refiners processed more crude to meet that…

Mexico’s CFEinternacional (CFEi) reported a 13% year/year increase in marketed natural gas volumes during the third quarter, according to the latest NGI Top North American Natural Gas Marketers ranking. CFEi, the international fuel marketing arm of state power utility Comisión Federal de Electricidad (CFE), transacted 3.77 Bcf/d during 3Q, up from 3.33 Bcf/d in the…

Lofty oil and natural gas prices played outsized roles in fueling spikes in inflation this year. November proved no exception, with price increases reaching a pace last recorded nearly four decades ago. The U.S. Bureau of Labor Statistics (BLS) said Friday the consumer price index surged 6.8% in November from the same month a year…

Even as demand and prices soared, leading North American natural gas marketers posted uneven results and lower collective sales volumes for the third quarter.  The downward slide continued a trend dating to production curtailments imposed by the coronavirus pandemic in 2020, according to NGI’s quarterly tally. Several marketers reported robust gains in the quarter, however,…

The rate of natural gas flaring by producers in North Dakota declined to an average of 7.5% this year through September, bringing the level of gas burned at the wellhead of the production site below the state’s target for 2021, a new federal report showed. North Dakota set a gas capture goal to keep flaring/venting…

U.S. oil output climbed to a new 2021 peak for a second consecutive week as Lower 48 producers continued to gradually ramp up to meet increased demand, the U.S. Energy Information Administration (EIA) said Wednesday. Production for the week ended Dec. 3 rose to 11.7 million b/d, up 100,000 b/d week/week, EIA said in its…

Kinder Morgan Inc. (KMI) said it expects to post banner full-year 2021 results and drive even stronger earnings next year. Bolstered by exceptional winter demand for natural gas earlier in the year, the Houston-based operator is projecting it would earn 76 cents/share this year. Seismic first quarter sales gains made amid surging demand and soaring…

Despite fears about the Omicron variant of the coronavirus and rising global oil output, Raymond James Financial Inc. analysts are increasingly optimistic about strong crude prices through 2023. “Our bullish oil view over the next few years not only remains firm, but we’re actually increasing our long-term price forecast,” the analysts, John Freeman and Justin…

U.S. oilfield services and equipment sector employment took a step back in November after eight consecutive months of gains, according to a new Energy Workforce & Technology Council analysis of federal data. Using Bureau of Labor Statistics (BLS) data, the Council, along with researchers from the University of Houston, found that the sector shed 818…