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
Weekly Natural Gas Prices Pop Amid Searing Summer Heat, Robust Demand
Weekly natural gas cash prices soared along with lofty temperatures and strong cooling demand throughout much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the July 19-23 period jumped 16.5 cents to $3.780. Hot high pressure created scorching conditions over much of the West and into the Plains, with highs of 90s…
July 23, 2021
August Natural Gas Futures, Cash Prices Finish Flurry of Trading on Another High Note
Natural gas futures climbed even higher on Friday, extending to six days a furious demand-driven rally that sent the prompt month to a close above $4.00 for a second session. The August Nymex contract rose 5.7 cents day/day and settled at $4.060/MMBtu, its highest mark since 2018. September gained 6.0 cents to $4.042. NGI’s Spot…
July 23, 2021
August Natural Gas Futures Eclipse $4.00 Threshold as Demand Surges
Traders looked past a bearish storage print by the Energy Information Administration (EIA) on Thursday and focused instead on persistently strong demand and relatively light production, a combination favorable for continued strength in natural gas prices. The prompt month has climbed five straight days and on Thursday topped the $4.00/MMBtu threshold for the first time…
July 23, 2021
Traders Shrug off Bearish Storage Result, Drive August Natural Gas Futures Above $4.00
Traders looked past a bearish storage print by the Energy Information Administration (EIA) on Thursday and focused instead on persistently strong demand and relatively light production, a combination favorable for continued strength in natural gas prices. The prompt month has climbed five straight days and on Thursday topped the $4.00/MMBtu threshold for the first time…
July 22, 2021
August Natural Gas Futures, Cash Prices Solidify Strong Gains
Natural gas futures on Wednesday advanced for a fourth straight day, probing higher from the two-and-a-half-year highs reached earlier this week, with demand robust and anticipation high ahead of the federal government’s storage report Thursday. The August Nymex contract rose 8.3 cents day/day and settled at $3.959/MMBtu on Wednesday. September gained 8.6 cents to $3.938.…
July 22, 2021
August Natural Gas Futures Falter After EIA Posts Bearish Storage Result
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 49 Bcf natural gas into storage for the week ended July 16. The result was bearish relative to analysts’ median expectations and historic averages, sending natural gas futures lower in morning trading. Ahead of the EIA report, the August contract was down 1.2…
July 22, 2021
Natural Gas Price Bulls Extend Parade as August Futures Soar a Fourth Consecutive Session
Natural gas futures on Wednesday advanced for a fourth straight day, probing higher from the two-and-a-half-year highs reached earlier this week, with demand robust and anticipation high ahead of the federal government’s storage report Thursday. At A Glance: Forecasts call for extensive heat Production remains light Traders await EIA storage data The August Nymex contract…
July 21, 2021
Inventories of U.S. Oil Climb as Exports Taper, Imports Rise; Demand Holds Strong
U.S. crude stockpiles ended a summer-long streak of descensions even as domestic demand increased and production was flat, the U.S. Energy Information Administration (EIA) said Wednesday. The agency noted that exports of American crude dropped during the week, while imports climbed. U.S. commercial crude inventories — excluding those in the Strategic Petroleum Reserve — increased…
July 21, 2021
Natural Gas Futures Surge a Third Straight Day; Cash Rallies
Bolstered by favorable weather outlooks and supply concerns, natural gas futures forged higher on Tuesday, following a 10.5-cent gain the previous day. The August Nymex contract settled at $3.876/MMBtu, up 9.7 cents day/day and in the green for a third consecutive session. September rose 9.8 cents to $3.852. Tuesday’s trading lifted the prompt month to…
July 21, 2021
August Natural Gas Futures Rally Again, Lifted by Forecasts for More Heat, Storage Concerns
Bolstered by favorable weather outlooks and supply concerns, natural gas futures forged higher on Tuesday, following a 10.5-cent gain the previous day. The August Nymex contract settled at $3.876/MMBtu, up 9.7 cents day/day and in the green for a third consecutive session. September rose 9.8 cents to $3.852. At A Glance: Demand forecasts hold strong…
July 20, 2021