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, Cash Prices Scratch Out Modest Gains
The prompt month extends win streak to three days LNG hangs steady along with weather demand Cash prices advance with cool spring air June natural gas futures on Tuesday barely extended a win streak to three days as traders took profits and volume proved light while the prompt month tested technical resistance at the $3.00…
May 5, 2021
June Natural Gas Futures Tread Water Before $3.00 Threshold; Cash Prices Climb
June natural gas futures on Tuesday barely extended a win streak to three days as traders took profits and volume proved light while the prompt month tested technical resistance at the $3.00 level. Futures advanced over the course of April and early this month as supply/demand balances tightened. On Tuesday, the June Nymex contract eked…
May 4, 2021
ConocoPhillips Bounces Back Along with Oil Demand, February Spike in Natural Gas Prices
ConocoPhillips’ 1Q2021 profit marked its first amid the coronavirus pandemic and reflected both a recovery in global oil demand and a winter surge in domestic natural gas prices. The Houston-based energy giant in the first quarter also closed its $9.7 billion acquisition of Concho Resources Inc., forming a Permian Basin powerhouse that will rival the…
May 4, 2021
With LNG and Cash Prices Strong, June Natural Gas Futures Advance
Weather-driven demand potential increased Demand for U.S. exports of LNG held strong Cash prices advanced ahead of cool shots Natural gas futures advanced for a second consecutive session on Monday, as traders mulled weather-driven demand potential, continued strong liquefied natural gas (LNG) volumes and the potential for light storage levels moving through the summer months. …
May 4, 2021
June Natural Gas Futures Inch Higher Amid LNG Strength, Potential for Storage Depletion
Natural gas futures advanced for a second consecutive session on Monday, as traders mulled weather-driven demand potential, continued strong liquefied natural gas (LNG) volumes and the potential for light storage levels moving through the summer months. The June Nymex contract advanced 3.5 cents day/day and settled at $2.966/MMBtu. July rose 3.6 cents to $3.014. Spot…
May 3, 2021
Higher Commodity Prices, Strengthening Economies Improve Outlook for Global Energy Demand, Moody’s Says
Moody’s Investors Service has upgraded its outlook for the global energy industry, citing a sustained increase in commodity prices and expectations for global economic growth to drive increased oil and gas demand over the next 12 to 18 months. The firm said it expects that, as vaccine programs become prevalent and the coronavirus outbreaks fade,…
May 3, 2021
Southern to Shed Sequent Wholesale Natural Gas Trading Arm to Reduce Risk
Southern Company, among the largest U.S. electric and natural gas distribution companies, said Thursday it had signed a deal to sell Sequent Energy Management, its wholesale gas trading and services business, in a move to reduce risk. The Atlanta-based firm disclosed the planned sale, expected to close in the third quarter, along with its first…
April 29, 2021
CenterPoint Inks $2.15B Deal to Sell Natural Gas Utilities in Arkansas, Oklahoma
Utility CenterPoint Energy Inc. said on Thursday it agreed to sell its natural gas distribution businesses in Arkansas and Oklahoma to Summit Utilities in a $2.15 billion cash deal that could help fund the seller’s transformation strategy. The assets include 17,000 miles of pipelines in Arkansas and Oklahoma, serving more than half a million customers.…
April 29, 2021
Domestic Oil Inventories Increase as Imports Rise; OPEC-Plus Sticks With Production Bump
U.S. oil stocks increased for a second consecutive week, albeit modestly, despite a bump in demand alongside a recovery in economic activity and ongoing coronavirus vaccine rollouts. In its Weekly Petroleum Status Report (WPSR), the U.S. Energy Information Administration (EIA) said Wednesday that crude inventories for the week ended April 23 — excluding those in…
April 28, 2021
Before U.S. Senate Committee, Critics Blast Biden’s Moratorium on Federal Oil, Gas Lease Sales
Oil and natural gas industry leaders and politicians railed against President Biden’s decision to freeze oil and gas lease sales on federal lands and waters through at least June during a Senate Energy and Natural Resources Committee hearing on Tuesday. Government officials, meanwhile, defended the pause as a necessary step as they review the program…
April 27, 2021