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 Costs Surge For Consumers Even as Overall Energy Inflation Eases
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, new federal data show. More inflation lurks as winter weather and heating demand near. The U.S. Department of Labor on Thursday (Oct. 13) said overall consumer…
October 14, 2022
IEA Warns of Global Recession, Slowing Oil Demand; U.S. Consumption Drops
A plan to slash oil production in November could send prices soaring, exacerbate already entrenched inflation in the United States and Europe, and push the global economy into a recession, the International Energy Agency (IEA) said Thursday. IEA researchers pointed to a recent OPEC-plus decision to cut oil output by 2 million b/d next month.…
October 13, 2022
Muted Natural Gas Futures Reaction to Hefty Storage Injection
The U.S. Energy Information Administration (EIA) reported an injection of 125 Bcf natural gas into storage for the week ended Oct. 7. The print marked the fourth straight triple-digit injection this shoulder season, though the market had anticipated the increase, and Nymex natural gas futures inched higher. Analysts on the online energy platform Enelyst said…
October 13, 2022
Biden Says ‘There Will Be Consequences’ as U.S.-Saudi Standoff Intensifies; OPEC Demand Outlook Dims
President Biden warned of “consequences” for Saudi Arabia after OPEC-plus dismissed U.S. objections and said it would slash crude production, a move that could send global oil prices and gasoline costs for Americans surging. The Biden administration said the plan by the cartel, to cut output by up to 2 million b/d next month, would…
October 12, 2022
U.S. Politicians Urge Action to Curb OPEC Influence as Production Cuts Loom
The consortium of oil-producing countries known as OPEC-plus spurred rare bipartisanship in the U.S. capital after the cartel said it would slash crude production. The group said last week its decision to cut output by 2 million b/d in November was in response to global recessionary headwinds and threats to demand. But Washington lawmakers on…
October 11, 2022
U.S. Oilfield Services Employment Increases in September, Though Pace of Hiring Slows
Employment in the U.S. oilfield services and equipment sector rose by an estimated 2,566 jobs to 640,767 in September after adjustments to August numbers, according to an Energy Workforce & Technology Council analysis of federal data. The advance continued a trend as the industry rebounds from the slowdown imposed in 2020 by the coronavirus pandemic.…
October 11, 2022
Shock OPEC-Plus Production Cut Galvanizes Fresh Support for Bill Targeting Cartel Price Fixing
The consortium of oil-producing countries known as OPEC-Plus spurred rare bipartisanship in the U.S. capital after the cartel said it would slash crude production. The group said last week its decision to cut output by 2 million b/d in November was in response to global recessionary headwinds and threats to demand. But Washington lawmakers on…
October 10, 2022
Recession Threat Hanging Over Natural Gas, Oil Markets
Threats of recession in North America and across Europe are gathering force amid festering inflation and rapidly rising interest rates, developments that already tapered oil consumption and could impact commercial and industrial natural gas demand. The latest indicator: The U.S. Labor Department on Friday reported the job market remains tight but hiring is slowing. Employers…
October 10, 2022
Specter of Recession Looms Large Over Global Natural Gas, Oil Markets
Threats of recession in the United States and across Europe are gathering force amid festering inflation and rapidly rising interest rates, developments that already tapered oil consumption and could impact commercial and industrial natural gas demand. The latest indicator: The U.S. Labor Department on Friday reported the job market remains tight but hiring is slowing.…
October 7, 2022
OPEC-Plus Cut Could Send Oil Prices Soaring Above $100, Entice U.S. E&Ps to Ramp Up
Lower 48 energy producers, in response to a massive OPEC-plus supply cut that is expected to spur a surge in oil prices, could bolster crude output in the final months of 2022 to both capitalize and ensure domestic supply/demand balance, analysts said Thursday. U.S. exploration and production (E&P) companies could increase output to 12.7 million…
October 6, 2022