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
Heavy Supply Overhang, Enduring West Texas Price Pressure Weigh Down Natural Gas Forwards
Lofty levels of natural gas in storage and a severe Permian Basin supply glut continued to cloud the outlook for prices. Natural gas forward prices fell in every region during the April 11-17 trading period, NGI’s Forward Look data show. Levels remained well below the $2.00/MMBtu level across the Lower 48, with exceptionally weak West…
With Production Lower, Natural Gas Futures Climb Ahead of EIA Storage Print
Natural gas futures hovered in positive territory early Thursday as traders assessed a mixed weather outlook against continued lighter production readings while they awaited the latest government inventory data. Following a 2.0-cent loss Wednesday, the May Nymex contract was up 5.0 cents to $1.762/MMBtu at around 8:40 a.m. ET. The federal storage report is slated…
Canadian Natural Gas Production Holds Strong, on Track for Record Year Despite Price Weakness
Natural gas production held near all-time highs through the first quarter in Canada, even as prices slumped following a mild winter that left supplies in storage at robust levels. That’s because producers are looking beyond near-term weakness and toward an anticipated jump in export demand, according to analysts. LNG Canada is slated to begin operations…
As Temperatures Climb and Heating Demand Fades, May Natural Gas Futures Slump
Lighter shoulder season demand and soft export data overshadowed bullish production estimates and weighed down natural gas futures to kick off trading this week. At A Glance: Weak near-term demand Production remains softer NGI models injection of 55 Bcf The May Nymex gas futures contract on Monday settled at $1.691/MMBtu, down 7.9 cents day/day. Cash…
May Natural Gas Futures Sputter as Benign Weather Intersects with Stout Supply
Lighter shoulder season demand and soft export data overshadowed bullish production estimates and weighed down natural gas futures to kick off trading this week. At A Glance: Weak near-term demand Production remains softer NGI models 55 Bcf injection The May Nymex gas futures contract on Monday settled at $1.691/MMBtu, down 7.9 cents day/day. Cash prices…
Negative West Texas Prices Weigh Down Weekly Spot Natural Gas Average; Futures See-Saw
Despite bullish national production readings, weekly natural gas cash prices retreated alongside a West Texas supply glut and festering headwinds in the region. NGI’s Weekly Spot Gas National Avg. for the April 8-12 period lost 25.0 cents to $1.210/MMBtu. West Texas prices, as they did the prior week, proved the principal source of weakness. Waha…
As Demand Dissipates, Natural Gas Futures and Spot Prices Finish Trading Week with Whimper
Natural gas futures were bound by a narrow range of gains and losses Friday. This capped a topsy-turvy trading week that featured falling production and an early rally, but also rapidly waning weather demand and choppy LNG activity that later sapped sentiment. At A Glance: Mild weather ahead Output near 99 Bcf/d Storage surplus holds…
With Stout Supply in Storage, Natural Gas Futures and Cash Prices Sell Off
Natural gas futures on Thursday fumbled away gains made earlier this week following a stronger-than-expected government inventory print and forecasts for benign weather and weak demand ahead. At A Glance: EIA prints 24 Bcf build Production holds lower Weather demand fades Following modest gains over the prior four sessions, the May Nymex gas futures contract…
Natural Gas Futures Snap Winning Streak Following Bearish Storage Print; Cash Prices Clunk
Natural gas futures on Thursday fumbled away gains made earlier this week following a stronger-than-expected government inventory print and forecasts for benign weather and weak demand ahead. At A Glance: EIA prints 24 Bcf build Production holds lower Weather demand fades Following modest gains over the prior four sessions, the May Nymex gas futures contract…
Natural Gas Futures Dive Lower as EIA Prints Solid Storage Injection
Utilities injected 24 Bcf natural gas into storage for the week ended April 5, the U.S. Energy Information Administration (EIA) reported on Thursday. The result exceeded market expectations and kept pressure on Nymex natural gas futures. Ahead of the 10:30 a.m. ET government print, the May futures contract was down 6.5 cents at $1.820/MMBtu. The…