Kevin Dobbs

Cold front, strong LNG combine to lift natural gas futures again Early estimates point to storage build in high 60s Bcf later this week President Biden to host virtual summit on climate change for global leaders Natural gas futures advanced for a fourth consecutive session on Monday as a bout of chilly spring weather was…

Natural gas futures advanced for a fourth consecutive session on Monday as a bout of chilly spring weather was forecast to sweep across large swaths of the Lower 48, likely providing a boost for demand and cash prices. The May Nymex contract settled at $2.561/MMBtu, up 3.5 cents day/day. June climbed 3.8 cents to $2.643.…

Consolidation in the U.S. upstream sector slowed to a relative crawl in the first quarter after rallying late in 2020. But there have been signs of increased activity in April and potential catalysts for more deals as the year wears on, according to an Enverus analysis. The oil and gas analytics company’s summary of 1Q2021…

Though global oil supply is beginning to climb, it is rising gradually off of depressed levels and is not expected to exceed the anticipated demand recovery this year. The supply/demand balance should support crude prices near their current levels through 2021, though fluctuations are all but certain, Moody’s Investors Service said in a report this…

A surge in heating demand propelled U.S. propane prices during the 2020-21 winter season, according to a new federal report. Residential propane prices in the United States averaged about $2.30/gal at the close of March, up 43 cents from a year earlier, according to the U.S. Energy Information Administration (EIA). About two-thirds of the natural…

U.S. oil inventories shrunk for a second consecutive week despite a demand drop amid a gradual recovery in economic activity and mixed coronavirus vaccine rollouts. In its Weekly Petroleum Status Report (WPSR), the U.S. Energy Information Administration (EIA) said Wednesday crude inventories for the week ended April 2 — excluding those in the Strategic Petroleum…

Exceptionally harsh winter weather that surprised Texas authorities was the leading cause of widespread generator outages that left millions of residents without power for days in February, a new report says. The initial findings from the Electric Reliability Council of Texas (ERCOT), which oversees electric power in the state, amplified the already widely reported thinking…

The February freeze that crippled the Texas energy grid for days amplified a trend already well underway — high-cost and increasingly frequent climate-related disasters that the electric power industry struggles to manage through. That assessment comes in a new report from energy lender CoBank, based in Denver. The polar outbreak affected several states, requiring rolling…

Natural gas liquids (NGLs), a byproduct of oil and gas production, could benefit from global demand and supply disruptions in 2021, paving a path for rising prices as the year wears on, analysts at Raymond James & Associates Inc. said in a new forecast. “We still think U.S. NGLs have a pretty bullish set-up, similar…