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 Push Higher Amid Southern Heat, Supply Pressures
Natural gas cash prices rallied along with futures through the first three sessions of the week on supply concerns and remarkably strong cooling demand by mid-May standards. The result: NGI’s Weekly Spot Gas National Avg. for the May 16-20 period jumped 80.5 cents to $7.920. Supported by weather-driven demand and steady calls for U.S. exports,…
May 20, 2022
Natural Gas Futures Fall Second Day, but Finish Ahead For Week
Natural gas futures gave up ground Friday as buyers moved to the sidelines after a furious rally earlier in the week. The June Nymex gas futures contract declined 22.5 cents day/day and settled at $8.083/MMBtu. Still, it gained 5.5% for the week. July shed 22.2 cents on Friday to $8.178. At A Glance: Futures tumble…
May 20, 2022
June Natural Gas Futures Falter Even As Demand Abounds
Natural gas futures forged ahead most of Thursday, as they did every other session this week, bolstered by supply concerns and the potential for inadequate storage injections. Still, profit-taking in the final hour of trading shifted the prompt month into the red. The June Nymex gas futures contract settled at $8.308/MMBtu, down 6.0 cents day/day.…
May 20, 2022
Natural Gas Prices Fizzle Late to End Rally; Futures Hold Above $8.30
Natural gas futures forged ahead most of Thursday, as they did every other session this week, bolstered by supply concerns and the potential for inadequate storage injections. Still, profit-taking in the final hour of trading shifted the prompt month into the red. The June Nymex gas futures contract settled at $8.308/MMBtu, down 6.0 cents day/day.…
May 19, 2022
Natural Gas Prices Surge Beyond $8.00 Threshold
Natural gas futures see-sawed in a narrow range of gains and losses through much of trading Wednesday, but the prompt month ultimately climbed for a third consecutive day as demand looked to outstrip supply. At A Glance: BREAKING: U.S. EIA reports 89 Bcf injection of natural gas into storage for the week ended May 13…
May 19, 2022
Despite Solid Storage Injection, Natural Gas Futures Find Footing as Supply Adequacy Remains in Question
U.S. utilities injected 89 Bcf of natural gas into storage for the week ended May 13, the U.S. Energy Information Administration (EIA) reported Thursday. The result was on par with expectations but left inventories relatively lean for this time of year. Nymex natural gas futures crept back from early trading lows in response. Temperatures during…
May 19, 2022
Natural Gas Futures, Cash Prices Advance Third Straight Day
Natural gas futures see-sawed in a narrow range of gains and losses through much of trading Wednesday, but the prompt month ultimately climbed for a third consecutive day as demand looked to outstrip supply. At A Glance: Maintenance further curbs output LNG volumes muster momentum Hot weather drives steady demand The June Nymex gas futures…
May 18, 2022
Domestic Oil Production, Demand Climb in Tandem as Summer Travel Nears
U.S. producers boosted output back up to the 2022 peak, but domestic demand also accelerated last week and is expected to continue climbing as Americans increase travel during the summer months. The U.S. Energy Information Administration (EIA) said Wednesday production for the period ended May 13 totaled 11.9 million b/d, up by 100,000 b/d from…
May 18, 2022
Cash Prices, Natural Gas Futures Fly Higher As Production Lags
Production declines and further forecasts for early summer heat sent natural gas futures higher again on Tuesday. The June Nymex gas contract advanced 34.8 cents day/day to close at $8.304/MMBtu. It marked a second straight gain. July futures rose 34.1 cents to $8.394. NGI’s Spot Gas National Avg. followed suit, rising 25.0 cents to $7.990.…
May 18, 2022
Cooling Demand, Uneven Output Bolster Natural Gas Futures Rally
Production declines and further forecasts for early summer heat sent natural gas futures higher again on Tuesday. The June Nymex gas contract advanced 34.8 cents day/day to close at $8.304/MMBtu. It marked a second straight gain. July futures rose 34.1 cents to $8.394. NGI’s Spot Gas National Avg. followed suit, rising 25.0 cents to $7.990.…
May 17, 2022