Kevin Dobbs

Front-month natural gas futures posted another strong gain on Thursday, bolstered by a bullish government inventory report and expectations for more to follow amid extreme cold that is both driving heating demand and curbing production. Following a 15.1-cent decline the prior day – the only loss of the year to date – the February Nymex…

Front-month natural gas futures posted another strong gain on Thursday, bolstered by a bullish government inventory report and expectations for more to follow amid extreme cold that is both driving heating demand and curbing production. Following a 15.1-cent decline the prior day – the only loss of the year to date – the February Nymex…

The U.S. Energy Information Administration (EIA) on Thursday printed a withdrawal of 140 Bcf natural gas from storage for the week ended Jan 5. The result exceeded most expectations and the five-year average decrease of 89 Bcf.  Prior to the report, draw estimates submitted to Reuters averaged 119 Bcf. NGI modeled a pull of 121…

Natural gas futures on Wednesday floundered for the first time this year, with speculators hesitant to hold positions and bears seizing upon forecasts for a late January warm-up. Following gains every regular session of 2024 through Tuesday, when prices jumped 21.0 cents, the February Nymex gas futures contract on Wednesday shed 15.1 cents day/day and…

Natural gas futures rallied again on frigid temperatures and mounting heating demand, continuing an uninterrupted stretch of gains that dates to the opening session of 2024. At A Glance: Prompt month tops $3.300 Weather data bullish Production declines 2 Bcf/d Coming off steady advances last week and an 8.7-cent gain to begin this week, the…

Natural gas futures rallied again on frigid temperatures and mounting heating demand, continuing an uninterrupted stretch of gains that dates to the opening session of 2024. At A Glance: Prompt month tops $3.300 Snow, freezing air pervasive Production declines 2 Bcf/d Coming off steady advances last week and an 8.7-cent gain to begin this week,…

Weekly natural gas cash prices opened 2024 riding a wave of winter weather momentum, gaining substantial ground alongside the futures market. NGI’s Weekly Spot Gas National Avg. for the Jan. 2-5 trading period jumped 82.5 cents to $2.970. Conditions were defined by colder air in the Midwest to start January and expectations for a significant…

Natural gas futures floundered for the first time this year in morning trading Friday, dropping more than 10.0 cents amid profit-taking and stout storage levels that pointed to ongoing supply/demand imbalance. Late in the session, however, the February Nymex gas futures contract recovered and finished up 7.2 cents day/day at $2.893/MMBtu. At A Glance: Front…

An encroaching blast of Arctic air in concert with steady LNG demand sent natural gas futures forward for a third consecutive session on Thursday – even after the latest government inventory report showed supplies at hefty levels. The February Nymex gas futures contract rallied 15.3 cents day/day and settled at $2.821/MMBtu.  NGI’s Spot Gas National…