Kevin Dobbs

An encroaching blast of Arctic air in concert with steady LNG demand sent natural gas futures forward for a third consecutive session on Thursday – even after the latest government inventory report showed supplies at hefty levels. The February Nymex gas futures contract rallied 15.3 cents day/day and settled at $2.821/MMBtu.   NGI’s Spot Gas National…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 14 Bcf of natural gas from storage for the week ended Dec. 29.  The paltry result, linked to strong production and benign weather, fell far short of historical norms and analysts’ already modest expectations, but Nymex natural gas futures held steady. Ahead of…

Natural gas futures found firmer footing Wednesday as looming winter weather trumped vigorous production volumes and expectations for another government report showing stout supplies in storage. At A Glance: Lean storage draw expected Mid-January freeze looms Production remains elevated Following a 5.4-cent gain to open regular trading for 2024 the day before, the February Nymex…

Natural gas futures kicked off 2024 trading on Tuesday in rally mode, supported by forecasts for stronger heating demand and steady calls for U.S. LNG, though gains were held in check by stout supply. At A Glance: Frosty air on the horizon Production stays strong NGI models 40 Bcf draw Coming off a 4.3-cent decline…

Record production, stout storage and seasonally soft weather-driven demand consistently put downward pressure on natural gas prices in 2023. Analysts expect 2024 to develop into a sequel – barring a sharp reduction in output or an exceptionally hot summer.   The January natural gas futures contract rolled off the books in the final week of 2023…

Natural gas futures kicked off 2024 trading on Tuesday in rally mode, supported by forecasts for stronger heating demand and steady calls for U.S. LNG, though gains were held in check by stout supply. At A Glance: Frigid air on the horizon Production stays strong NGI models 40 Bcf draw Coming off a 4.3-cent decline…

Demand for American LNG is holding strong, but South Central natural gas storage remains elevated and, according to the latest government inventory data, the surplus of supplies relative to the five-year average continues to swell. The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 16 Bcf from South Central storage during the…

Natural gas futures advanced early on Wednesday but flipped negative and descended more as the session wore on, with benign weather demand, robust production and elevated supplies in storage overshadowing export strength. At A Glance: Modest withdrawal expected Production remains elevated LNG activity near record mark Coming off a 1.1-cent loss the prior day, the…

For all the talk about weak weather-driven demand in 2023, a buoyant U.S. economy may complement mounting global energy needs and provide a key pillar of strength for natural gas markets in the form of steady industrial demand in the new year. Over much of 2023, elevated inflation and the Federal Reserve’s (Fed) aggressive interest…