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
Lifted by Exports, May Natural Gas Futures Finish Strong
LNG feed gas volumes hovered close to 2021 highs Pipeline exports to Mexico also held strong Forecasters are calling for below-average temperatures Natural gas futures forged higher on Friday, marking the fourth time during the week the prompt month finished in the green. Robust liquefied natural gas (LNG) volumes, coupled with seasonally strong weather-driven demand,…
April 19, 2021
Weekly Natural Gas Prices Advance as Temperatures Drop and Heating Demand Mounts
In a stretch of trading defined by a barrage of chilly weather systems, weekly cash prices consistently gained ground amid steady heating demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the April 12-16 period climbed 24.5 cents to $2.495, with cash prices advancing four of the trading week’s five…
April 16, 2021
With Spring Chill and Export Momentum, May Natural Gas Futures Close Week on High Note
Natural gas futures forged higher on Friday, marking the fourth time during the week the prompt month finished in the green. Robust liquefied natural gas (LNG) volumes, coupled with seasonally strong weather-driven demand, fueled the rally. The May Nymex contract settled at $2.680/MMBtu Friday, up 2.2 cents day/day. June advanced 2.4 cents to $2.754. NGI’s…
April 16, 2021
Markets Embrace Storage Result, May Natural Gas Futures Advance
EIA posted a bullish natural gas storage report Demand for U.S. exports held strong Cash prices extended a weeklong rally amid chilly conditions Natural gas futures prices rebounded Thursday as the government’s weekly inventory report proved bullish, and both weather forecasts and demand for U.S. exports remained favorable. The May Nymex contract settled at $2.658/MMBtu,…
April 16, 2021
Annual Natural Gas Marketer Ranking Reflects Rough Sailing Imposed by Pandemic; Outlook Brightens
In a year dominated by the coronavirus pandemic and upended at times by an historic hurricane season, leading natural gas marketers posted lighter sales volumes for full-year 2020, according to NGI’s Top North American Natural Gas Marketers ranking. It marked the second consecutive year of lower overall levels. A global supply glut and weak prices…
April 16, 2021
Pressure Eases on Natural Gas Prices, with May Futures Up After Storage Report
Natural gas futures prices rebounded Thursday as the government’s weekly inventory report proved bullish, and both weather forecasts and demand for U.S. exports remained favorable. The May Nymex contract settled at $2.658/MMBtu, up 4.0 cents day/day. June gained 3.7 cents to $2.730. NGI’s Spot Gas National Avg. rose 4.5 cents to $2.565, continuing a weeklong…
April 15, 2021
Storage Injection Lighter Than Expectations, Sending May Natural Gas Futures Higher
The U.S. Energy Information Administration (EIA) reported an injection of 61 Bcf natural gas storage for the week ended April 9, coming in below median estimates and driving Nymex natural gas futures into the green. The latest figure was below the 68 Bcf build EIA recorded in the year-ago period but above the five-year average…
April 15, 2021
May Natural Gas Futures Trade Sideways After Early Gains
BREAKING: U.S. EIA reports an injection of 61 Bcf natural gas storage for the week ended April 9, coming in below median estimates May Nymex contract settled at $2.618/MMBtu on Wednesday, down just one-tenth of a cent day/day Natural gas futures traded in the green much of Wednesday, lifted by colder weather trends that pointed…
April 15, 2021
As Temperatures Fall, Cash Prices Advance and May Natural Gas Futures Tread Water
Natural gas futures traded in the green much of Wednesday, lifted by colder weather trends that pointed to increased heating demand through the second half of April. Near-record liquefied natural gas (LNG) levels continued to provide price support as well. But a sixth-straight day of gains proved elusive as traders took profits late in the…
April 14, 2021
OPEC Raises Global Oil Demand Forecast as Mexico’s Pemex Set for Modest Production Uptick
The Organization of the Petroleum Exporting Countries (OPEC) on Tuesday formally raised its expectations for global oil demand in 2021, citing expectations for a recovery from the pandemic and stronger economic growth. In its Monthly Oil Market Report (MOMR), the cartel projected demand would rise by 5.95 million b/d this year, a nearly 7% increase…
April 14, 2021