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
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
U.S. Production, Demand Flat as Global Oil Market Enters New Era of Uncertainty
American crude output held even at a level well below the 2022 peak – and far from pre-pandemic highs – as demand leveled off and recessionary headwinds gathered force both in the United States and globally, the U.S. Energy Information Administration (EIA) said Wednesday. The government’s snapshot of domestic supply/demand came on the heels of…
October 5, 2022
OPEC-Plus Agrees to Slash Production in Attempt to Boost Prices, Bolster Russia
OPEC-plus members, including Saudi Arabia and Russia, agreed on Wednesday to cut crude production by 2 million b/d. It marked the coalition of oil-producing countries’ largest pullback on output since the early days of the pandemic in April 2020, a move that could both send prices back to $100/bbl and aid Russia’s escalating war in…
October 5, 2022
Biden Backs Ongoing LNG Exports to Europe as Russia’s War in Ukraine Rages, Report Says
The Biden Administration remains committed to supporting robust levels of LNG exports in support of Europe’s efforts to bolster supplies for winter, according to a report Tuesday. The continent is moving with haste to reduce its dependence on Russia amid the Kremlin’s war in Ukraine and is consistently calling for U.S. shipments of the super-chilled…
October 4, 2022
October Natural Gas Bidweek Prices Plummet as Demand Fades, Production Climbs and Hurricane Ian Strikes
Natural gas cash prices slumped in October bidweek trading as markets absorbed the demand impacts of mild fall weather and Hurricane Ian alongside stout production levels. NGI’s October Bidweek National Avg. dropped $3.320 month/month to $5.460/MMBtu. It was below the year-earlier average of $5.495. Hubs throughout the Lower 48 posted steep losses during bidweek trading,…
October 3, 2022
Natural Gas Futures Fall as Market Await ‘Massive’ Storage Increase in Ian’s Wake
Natural gas futures stumbled on Friday as Hurricane Ian, after ravaging Florida, moved up the Atlantic and menaced Southeast coastal markets. It brought fierce winds and storm surges, curbing cooling demand and pressuring prices. The November Nymex gas futures contract settled at $6.766/MMBtu, down 10.8 cents day/day. December fell 7.7 cents to $7.065. NGI’s Spot…
October 3, 2022
Weekly Natural Gas Prices, Futures Falter as Hurricane Ian Douses Demand
Weekly natural gas cash prices dropped again – as they have each week in September – in the wake of demand destruction imposed by Hurricane Ian in the Southeast along with benign weather across most other regions of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Sept. 26-29 trading period for delivery…
September 30, 2022
Hurricane Ian Raises Specter of ‘Gargantuan’ Storage Injection, Weighs on Natural Gas Futures, Cash Prices
Natural gas futures stumbled on Friday as Hurricane Ian, after ravaging Florida, moved up the Atlantic and menaced Southeast coastal markets. It brought fierce winds and storm surges, curbing cooling demand and pressuring prices. At A Glance: Massive storm batters East Coast Weather-driven demand withers Production holds near 2022 high The November Nymex gas futures…
September 30, 2022
Natural Gas Futures, Cash Prices Drop in Hurricane Ian’s Wake
Natural gas futures fell on Thursday in the wake of demand destruction imposed by Hurricane Ian and another stout storage injection. The November Nymex gas futures contract, debuting as the prompt month, lost 8.1 cents day/day and settled at $6.874 /MMBtu. December shed 5.8 cents to $7.142. At A Glance: EIA prints 103 Bcf storage…
September 30, 2022
As Hurricane Ian Rages, November Natural Gas Futures Contract Debuts with Whimper
Natural gas futures fell on Wednesday in the wake of demand destruction imposed by Hurricane Ian and another stout storage injection. The November Nymex gas futures contract, debuting as the prompt month, lost 8.1 cents day/day and settled at $6.874 /MMBtu. December shed 5.8 cents to $7.142. At A Glance: EIA prints 103 Bcf storage…
September 29, 2022