Kevin Dobbs

Weekly natural gas cash prices rode a roller coaster of steep gains and losses in the volatile Northeast, where bidding on natural gas tends to swing more than other regions due to limited pipeline capacity and erratic weather. Ultimately, prices in the region settled firmly in positive territory as forecasters warned of a major winter…

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…

Natural gas prices hovered in a narrow range early Thursday but spiked after a bullish government inventory report and customary buying into prompt-month expiration. The February Nymex gas futures contract settled at $6.265/MMBtu, up $1.988 day/day. It rolled off the books at the close. March, which takes over as the front month, climbed 24.7 cents…

Natural gas prices hovered in a narrow range early Thursday but spiked after a bullish government inventory report and customary buying into prompt-month expiration. The February Nymex gas futures contract settled at $6.265/MMBtu, up $1.988 day/day. It rolled off the books at the close. March, which takes over as the front month, climbed 24.7 cents…

The U.S. Energy Information Administration (EIA) reported a withdrawal of 219 Bcf natural gas from storage for the week ended Jan. 21. The result was steeper than the median estimates found in major polls and much more so than the five-year average, sending Nymex natural gas futures higher. The pull marked the biggest of the…

Buoyed by solid demand and strong prices, Comstock Resources Inc. said it ramped up activity in the Haynesville Shale and grew its proved reserves of primarily natural gas by 9% in 2021. The Frisco, TX-based independent estimated reserves of 6.12 Tcfe at the close of last year, up from 5.63 Tcfe a year earlier. Of…

Natural gas futures climbed back into positive territory on Friday amid updated forecasts for freezing conditions to extend into next month and expectations for stout withdrawals from storage. The February Nymex gas futures contract settled at $3.999, up 19.7 cents day/day. March rose 13.3 cents to $3.782. NGI’s Spot Gas National Avg., in contrast, shed…

With demand rising in the United States and forecasts calling for robust increases in crude consumption globally through 2022, more analysts are betting that oil prices this year could exceed $100/bbl. Bank of America (BofA) and Morgan Stanley analysts both said they expect Brent crude, the international benchmark, to reach triple digits in 2022, as…

In a holiday-abbreviated period in which futures struggled, weekly natural gas cash prices sustained just enough momentum to post a third consecutive gain.   NGI’s Weekly Spot Gas National Avg. for the Jan. 18-21 period advanced 20.5 cents to $6.155. The covered week was shortened by a day due to the Martin Luther King Jr. holiday…