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.
Archive / Author
SubscribeKevin Dobbs
Articles from Kevin Dobbs
Natural Gas Futures Gather Momentum as Winter Chills Prevail
Natural gas futures advanced Friday as traders shrugged off a disappointing government inventory report and focused instead on robust heating demand, as well as forecasts for additional blasts of freezing weather later in January. The February Nymex gas futures contract gained 10.4 cents day/day and settled at $3.916/MMBtu. March climbed 5.6 cents to $3.726. NGI’s…
January 10, 2022
Winter’s Worst Chills So Far Bolster Demand, Weekly Natural Gas Prices
Weekly natural gas cash prices spiked amid snowstorms, frosty temperatures and mounting heating demand across the Midwest and large swaths of the East. NGI’s Weekly Spot Gas National Avg. for the Jan. 3-7 period jumped $1.180 cents to $5.165. Conditions were particularly ripe for physical market demand on Wednesday and Thursday, a stretch during which…
January 7, 2022
Natural Gas Futures Fly Higher Amid Snowstorms, Forecasts for Further Freezes
Natural gas futures advanced Friday as traders shrugged off a disappointing government inventory report and focused instead on robust heating demand, as well as forecasts for additional blasts of freezing weather later in January. The February Nymex gas futures contract gained 10.4 cents day/day and settled at $3.916/MMBtu. March climbed 5.6 cents to $3.726. NGI’s…
January 7, 2022
February Natural Gas Futures Fizzle, But Spot Prices Spike
Natural gas futures faltered on Thursday after the latest government inventory report showed ample supplies and relatively modest early-winter heating demand. The February Nymex gas futures contract fell 7.0 cents day/day and settled at $3.812/MMBtu. March dipped 4.0 cents to $3.670. At A Glance: EIA posts a 31 Bcf pull from storage The result was…
January 7, 2022
Natural Gas Futures Stumble as Stockpiles Hold Above Historic Average
Natural gas futures faltered on Thursday after the latest government inventory report showed ample supplies and relatively modest early-winter heating demand. The February Nymex gas futures contract fell 7.0 cents day/day and settled at $3.812/MMBtu. March dipped 4.0 cents to $3.670. At A Glance: EIA posts a 31 Bcf pull from storage The result falls…
January 6, 2022
Cash Prices, Natural Gas Futures Bounce Higher as Temperatures Drop
Strength in cash prices and expectations for ongoing blasts of frigid air over swaths of the Lower 48 sent natural gas futures higher on Wednesday. The February Nymex contract settled at $3.882/MMBtu, up 16.5 cents day/day. March gained 12.8 cents to $3.710. NGI’s Spot Gas National Avg. advanced 81.0 cents to $5.105, bolstered by freezing…
January 6, 2022
February Natural Gas Futures Lower as Light Storage Withdrawal Amplifies Demand Worries
The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 31 Bcf natural gas from storage for the final week of 2021. The result fell far short of the midpoint of analysts’ estimates and punctuated market concerns about weather-driven demand. The result was “super-duper bearish,” as one participant on The Desk’s online energy…
January 6, 2022
February Natural Gas Futures, Spot Prices Jump Amid Heaping Doses of Bitter Cold
Strength in cash prices and expectations for ongoing blasts of frigid air over swaths of the Lower 48 sent natural gas futures higher on Wednesday. The February Nymex contract settled at $3.882/MMBtu, up 16.5 cents day/day. March gained 12.8 cents to $3.710. At A Glance: Cash prices cruise higher in the Midwest, Northeast Forecasters call…
January 5, 2022
OPEC-Plus Agrees to Ramp Up Oil Output Despite Omicron
A coalition of major oil producing countries agreed on Tuesday to further boost output to meet expectations for strong demand, despite concerns about the rapidly spreading Omicron variant of the coronavirus. Policymakers from the Organization of the Petroleum Exporting Countries (OPEC), headed by Saudi Arabia, and a Russia-led group of allies known as OPEC-plus, said…
January 5, 2022
U.S. Crude Production Holds Strong Even as Demand Tapers Amid Holidays, Omicron
U.S. oil producers, unfazed by the Omicron variant of the coronavirus and an anticipated lull in demand between the Christmas and New Year holidays, maintained production at a 2021 peak level during the final week of the year. The U.S. Energy Information Administration (EIA) said Wednesday that domestic crude output held at 11.8 million b/d…
January 5, 2022