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 Prices Reach Highest Level Since 2014 as Economy Weathers Omicron, Demand Climbs
Benchmark U.S. crude prices reached a seven-year on Friday and capped a seventh-consecutive week of gains against a backdrop of mounting demand, economic momentum and global supply uncertainty. West Texas Intermediate (WTI) oil eclipsed $92/bbl, the highest level since October 2014 and up more than 20% this year – after rebounding 40% in 2021. Brent…
February 4, 2022
Targa to Sell Stake in Permian’s 2 Bcf/d Gulf Coast Express Pipeline
Targa Resources Corp. said it has agreed to sell its 25% equity stake in the Gulf Coast Express Pipeline (GCX) for $857 million. Houston-based Targa said it expects to receive full proceeds in the second quarter. The independent midstreamer did not disclose the buyer or provide additional details. Targa in 2021 had emphasized efforts to…
February 4, 2022
Exelon Splits Off Constellation as Standalone Natural Gas, Renewables Generation Business
Exelon Corp. said it completed the spin-off of Constellation Energy Corp., a natural gas supplier whose fleet powers more than 20 million homes and businesses. The Chicago-based company’s transmission and distribution utility business would continue under the Exelon name, and trade on the Nasdaq under the ticker “EXC.” It is the nation’s largest utility company,…
February 4, 2022
U.S. Crude Demand Tapers Amid Massive Winter Storm, but Rebound Expected
U.S. oil consumption in the final stretch of January dipped lower week/week as harsh winter weather in the eastern stretches of the country imposed travel delays. Production crept lower in tandem, the U.S. Energy Information Administration (EIA) said Wednesday. A fierce winter storm pummeled major markets across the Northeast late last week with crippling snowfall…
February 3, 2022
Third Straight Storage Pull of 200 Bcf-Plus Fails to Boost March Natural Gas Futures
The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 268 Bcf natural gas from storage for the week ended Jan. 28. The result marked the largest pull of the season and the third consecutive that exceeded 200 Bcf. While the print dwarfed both the 183 Bcf withdrawal recorded for the year-earlier period…
February 3, 2022
To Ease Supply Pressures, OPEC-Plus Targets Further Crude Production Increase
Citing robust demand and fading pandemic worries, an alliance of major oil producing countries agreed on Wednesday to extend production increases into March. Policymakers from the Organization of the Petroleum Exporting Countries (OPEC), headed by Saudi Arabia, and a Russia-led group of allies known as OPEC-plus, said they aim to boost output by 400,000 b/d…
February 2, 2022
Weather-Driven Demand in Northeast, Central U.S. Sends February Natural Gas Bidweek Prices Soaring
Natural gas prices jumped in February bidweek trading as cold winter blasts permeated the nation’s midsection and much of the East, fueling heating demand and threatening production cuts. Anticipation of a massive snowstorm walloping the East Coast over the final weekend of January – the storm did indeed deliver – furthered the momentum. NGI’s February…
February 1, 2022
Amid Threats to Production, March Natural Gas Futures Extend Rally
Natural gas prices advanced Monday following a fierce winter storm in the East and ahead of another deep freeze that ignited production curtailment fears. The anticipated blasts of cold also amplified expectations for lofty storage withdrawals and sent the March Nymex gas futures contract up 23.5 cents day/day to settle at $4.874. April rose 20.2…
February 1, 2022
Natural Gas Futures Rally Eighth Consecutive Day as Potential Freeze-Offs Loom Large
Natural gas prices advanced Monday following a fierce winter storm in the East and ahead of another deep freeze that ignited production curtailment fears. The anticipated blasts of cold also amplified expectations for lofty storage withdrawals and sent the March Nymex gas futures contract up 23.5 cents day/day to settle at $4.874. April rose 20.2…
January 31, 2022
March Natural Gas Futures Extend Prompt Month Rally to Seven Days
Natural gas prices followed a massive rally with another solid surge on Friday, riding high on winter weather forecasts, light production, falling stockpiles and robust demand for U.S. exports. The March Nymex gas futures contract jumped 35.6 cents day/day to $4.639/MMBtu and finished its first session as the prompt month on firm footing. April rose…
January 31, 2022