Kevin Dobbs

Weekly natural gas cash prices lost ground despite brief bouts of wintry weather and stronger heating demand in parts of the central and eastern United States. This was offset by mild temperatures elsewhere and robust production that ultimately hampered both physical markets and futures. NGI’s Weekly Spot Gas National Avg. for the Feb. 12-16 period…

For the first time in nine sessions, natural gas futures on Friday forged ahead as discount buying finally overtook the mild weather forecasts and elevated supplies that had sapped the will of price bulls most of this month. At A Glance: Prompt month gains 2.8 cents  Bargain buying saves the day Fundamentals ‘indelibly weak’ The…

Natural gas futures faltered for an eighth-consecutive session on Thursday, dropping to three-and-a-half year lows following a bearish government inventory report and amid ongoing signs of supply/demand imbalance. At A Glance: EIA reports 49 Bcf draw Mixed near-term weather Production holds strong Coming off an 8.0-cent loss the prior session, the March Nymex gas futures…

Natural gas futures faltered for an eighth-consecutive session on Thursday, dropping to three-and-a-half year lows following a bearish government inventory report and amid ongoing signs of supply/demand imbalance. At A Glance: EIA reports 49 Bcf draw Mixed near-term weather Production holds strong Coming off an 8.0-cent loss the prior session, the March Nymex gas futures…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 49 Bcf natural gas from storage for the week ended Feb. 9. The result was weaker than expectations and far shy of historical norms, briefly renewing pressure on Nymex natural gas futures before steadying into a sideways trade midmorning. Minutes ahead of the…

Midstream giant Williams reported a jump in earnings and, during accompanying investor presentations, touted an expected spike in natural gas demand through this decade and into the next even if new political or regulatory roadblocks emerge. “Under any scenario, a lot of growth is coming on the demand side,” CEO Alan Armstrong said during an…

Weak weather-driven demand and robust production intersected this winter to depress natural gas prices, deflating market bulls. But lower heating costs contributed to falling inflation levels, saving consumers money and supporting expectations for continued economic growth in 2024. The U.S. Department of Labor said Tuesday its Consumer Price Index (CPI) increased at a rate of…

Mostly benign winter weather, robust U.S. production and ample imports of Canadian supply put Pacific region natural gas storage levels far above historical norms early in 2024, keeping prices in check. The U.S. Energy Information Administration (EIA) most recently printed a national storage withdrawal of 75 Bcf for the week ended Feb. 2. It paled…

Enbridge Inc. heralded the more than $20 billion of acquisitions it announced in 2023, including a string of deals to transform its natural gas utility operations in the Lower 48. The utilities would boost Enbridge’s Lower 48 customer base to 7 million and position it for long-term growth following the surge in fourth-quarter and full-year…