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
U.S. Oil Production Flat as IEA Chief Warns of Tight Supplies, ‘First Truly Global Energy Crisis’
Domestic crude production held even last week as demand dipped slightly and inventories edged up, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. exploration and production (E&P) companies kept output for the week ended Oct. 21 at 12.0 million b/d, flat with the prior week and roughly in line with the level maintained through…
October 26, 2022
Natural Gas Futures Advance a Second Day as Buyers Pounce on Discount Prices
Natural gas futures on Tuesday advanced a second-straight session amid calls for colder weather patterns, production interruptions and the looming expiration of the prompt month contract. After a steep sell-off last week, traders also stepped back into the market to buy gas at a discount ahead of winter. Following a 24.0-cent rally in the previous…
October 26, 2022
Bargain Buyers Sustain Natural Gas Futures Rally; West Texas Cash Prices Flip Negative
Natural gas futures on Tuesday advanced a second-straight session amid calls for colder weather patterns, production interruptions and the looming expiration of the prompt month contract. After a steep sell-off last week, traders also stepped back into the market to buy gas at a discount ahead of winter. Following a 24.0-cent rally in the previous…
October 25, 2022
Strong Natural Gas Production Should Help Balance Market Against Chilly Winter, LNG Demand, AGA Says
Heating demand could prove stronger this winter than last, given National Weather Service (NWS) forecasts for colder temperatures in northern markets. But robust production levels this fall should help balance prices and meet domestic market needs and increased international demand for LNG. That assessment is according to the American Gas Association’s (AGA) winter outlook, delivered…
October 24, 2022
Liberty Energy CEO Says Global Natural Gas, Oil Supply Risks Outweigh Recession Threats
Liberty Energy Inc. CEO Chris Wright said threats to the global economy – from inflation and soaring interest rates in the United States and Europe to pandemic-related lockdowns in China – are real and could impact demand for natural gas and oil. However, for exploration and production (E&P) companies and the completion experts such as…
October 21, 2022
Triple-Dip La Niña to Intensify Drought, Deliver Northern Deep Freeze and Drive Natural Gas Demand, Says NOAA
Harsh winter freezes could propel natural gas across large swaths of the northern United States this winter, while unrelenting drought conditions in the West could result in weaker hydropower and drive more gas demand for cooling in California and the Southwest next spring when temperatures rise. Across most of the southern United States, however, winter…
October 20, 2022
IEA Adds Another Warning to World About Europe’s Long-Term Natural Gas Supply Woes
Moderating prices and favorable storage data do not tell the whole story of Europe’s natural gas status heading into winter, International Energy Agency (EIA) Executive Director Fatih Birol said, citing Russia and fallout from its protracted war in Ukraine. Following recent meetings with European leaders – including Czech Prime Minister Petr Fiala, Finnish Prime Minister…
October 20, 2022
Natural Gas Futures See-Saw Following Fifth Straight Triple-Digit Storage Injection
The U.S. Energy Information Administration (EIA) reported an injection of 111 Bcf natural gas into storage for the week ended Oct. 14. The result marked the fifth consecutive triple-digit increase and continued an autumn trend of narrowing deficits to historic averages. The build easily surpassed the 73 Bcf five-year average injection and the year-earlier increase…
October 20, 2022
U.S. Crude Production Edges Higher Along with Demand; Biden to Tap Reserves Again
American exploration and production (E&P) companies raised oil output modestly last week as overall petroleum demand recovered some ground after multiple declines earlier in the fall, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. oil production last week increased by 100,000 b/d to 12.0 million b/d, EIA said in its latest Weekly Petroleum Status…
October 19, 2022
Natural Gas Prices Exceed Broader – and Lofty – Inflation; Higher Oil Costs Loom
Natural gas futures soared over the summer months, driving up costs for utilities that bought gas ahead of the fall months and then passed along the hikes to consumers, federal data show. More energy inflation lurks as winter weather will drive higher gas demand and OPEC-plus production cuts could propel oil prices. The U.S. Department…
October 18, 2022