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
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
OPEC Sees Mexico Oil Output Dipping in 2023
OPEC is forecasting full-year liquid hydrocarbons production of 2.0 million b/d for Mexico in 2022, flat versus 2021, followed by a slight decline in 2023. Incremental production in 2022 “is expected to be driven by foreign-operated fields, while minor growth” is also expected in Petróleos Mexicanos (Pemex) operated fields, OPEC said in its latest Monthly…
October 17, 2022
AGA Outlook Calls for Chilly Winter, but Strong Natural Gas Production to Help Balance Market
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 the market meet demand and could help keep consumer prices from rising more than they already did this year. That assessment is according to the American…
October 17, 2022
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