Kevin Dobbs

Natural gas futures on Tuesday dipped lower, as traders took profits and mulled the possibility of eased near-term weather-driven demand following a punishing heat wave that permeated much of the country in late June and early this month.   The August Nymex contract shed 6.3 cents day/day and settled at $3.637/MMBtu. The prompt month had advanced…

The Organization of the Petroleum Exporting Countries and its allies, aka OPEC-plus, scrapped plans to restart production talks this week after meetings held before the July 4 holiday failed to reach a deal on output policy. The cartel did not set a date to resume talks, leaving the group with no plan for increased production…

The Organization of the Petroleum Exporting Countries and its allies, aka OPEC-plus, debated on Thursday a proposal to further boost crude oil production, anticipating steadily increasing demand for travel fuels in the second half of 2021. Citing successful vaccination efforts and economic momentum in leading countries such as the United States and China, the Saudi…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which the fundamentals impacting the North American natural gas market are explored. Leading natural gas marketers collectively lost ground with sales volumes in the first quarter, continuing a two-year trend of year/year declines, according to NGI’s Top North American Natural…

ConocoPhillips raised expected savings on its 2021 acquisition of Concho Resources Inc. to $1 billion and lifted its planned share buybacks by the same amount, a show of confidence in the deal and the company’s outlook as it emerges from the pandemic. The upbeat tone emerged during a market update Wednesday, during which executives emphasized…

Domestic crude oil inventories dropped last week, continuing a trend as mounting demand alongside a rebound in travel and economic activity outstripped production, the U.S. Energy Information Administration (EIA) said Wednesday. Excluding those in the Strategic Petroleum Reserve, crude stocks plunged by 6.7 million bbl during the week ended June 25, EIA’s Weekly Petroleum Status…

The U.S. Supreme Court has cleared a key roadblock from PennEast Pipeline Co.’s path toward finishing construction of a major natural gas pipeline in Pennsylvania and New Jersey. The high court on Tuesday ruled that the PennEast joint venture may use federal eminent domain power to condemn and acquire 42 parcels in New Jersey to…

The U.S. Supreme Court has cleared a key roadblock from PennEast Pipeline Co.’s path toward finishing construction of a major natural gas pipeline in Pennsylvania and New Jersey. The high court on Tuesday ruled that the PennEast joint venture may use federal eminent domain power to condemn and acquire 42 parcels in New Jersey to…

The Organization of the Petroleum Exporting Countries and its oil-producing allies, aka OPEC-plus, are poised to boost production again in August to meet mounting demand and offset flat output among cost-conscious U.S. shale producers. OPEC researchers said they expect that, absent production increases, demand will outstrip supply by 1.5 million b/d in August and widen…