Kevin Dobbs

Demand for ethane as a feedstock for petrochemical manufacturing is rebounding along with the global economy. Expanded capacity and tanker fleets are helping to meet that demand, fueling record export levels, according to the U.S. Energy Information Administration (EIA). Ethane is separated from natural gas at processing plants along with other natural gas liquids (NGL)…

After popping in mid-June, weekly cash prices essentially held even at strong levels amid persistent summer heat and solid demand across large swaths of the country. NGI’s Weekly Spot Natural Gas National Avg. for the June 21-25 trading period inched 1.0 cent lower to $3.160. However, that followed a jump of 24.0 cents a week…

Natural gas futures rallied for a fourth consecutive session on Friday as sweltering heat and revived export demand pointed to even tighter balances ahead of the peak summer cooling season.     The July Nymex contract settled at $3.496/MMBtu, up 7.8 cents day/day. It marked the highest close for the prompt month since January 2019. August, which…

After backing an economy-wide price on carbon emissions, the American Petroleum Institute (API) on Thursday released a new template for oil and gas companies to standardize greenhouse gas (GHG) emissions reporting. API, the largest U.S. oil and gas trade association, is asking energy companies to track emissions and voluntarily disclose to the public details, including…

Stockpiles of U.S. crude fell to a 2021 low last week after production eased and demand for petroleum products continued to climb – another in a string of indicators pointing to a tightening oil market. Domestic commercial crude inventories in the week ended June 18, excluding those in the Strategic Petroleum Reserve, decreased by 7.6…

The Limetree Bay oil refinery in the U.S. Virgin Islands, long under environmental and financial pressure, said this week it would close indefinitely. Citing “severe financial” hardship, owner Limetree Bay Energy said it had suspended plans to restart the 210,000 b/d facility on the island of St. Croix. The refinery has been offline since May…

As major economies across the globe emerge from the doldrums of the pandemic and travel surges, oil prices could further spike and reach $100/bbl by next year, according to the most bullish Wall Street forecast yet this year. It could also mark the final surge in oil prices, however, as pressure intensifies on energy companies…

A new oil futures contract is coming to the Gulf Coast. Magellan Midstream Partners L.P., Enterprise Products Partners LP and Intercontinental Exchange Inc. (ICE) said Monday they would partner to create a contract for the physical delivery of crude in the Houston area. The companies said the Midland WTI American Gulf Coast contract (ICE: HOU)…

Mexico’s CFE International (CFEi) slipped three spots quarter/quarter in NGI’s Top North American Natural Gas Marketers rankings for 1Q2021, which ranks marketers by sales volumes. CFEi, the fuel importing and marketing arm of state power utility Comisión Federal de Electricidad (CFE), ranked 15th at 3.31 Bcf/d, versus 12th at 3.32 Bcf/d in 4Q2020. Since Mexico’s…