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
Natural Gas Futures Snap Lengthy Losing Streak Despite Lofty Production; Spot Prices Rally
Natural gas futures on Monday finished in positive territory for the first time in nine sessions, supported by expectations of wintry weather in the North this week and the potential for greater heating demand in the month ahead. At A Glance: Output exceeds 103 Bcf/d Northern demand looms NGI models 79 Bcf injection After dropping…
October 23, 2023
Weekly Natural Gas Spot Prices, Futures Struggle as Production Powers Up, Demand Stalls
Weekly natural gas cash prices limped lower as near-term forecasts pointed to mostly benign weather and production estimates reached the highest on record. NGI’s Weekly Spot Gas National Avg. for the Oct. 16-20 period declined 12.0 cents to $2.190. As the trading week closed, cash hubs across much of the country were in the red.…
October 20, 2023
Natural Gas Futures Prices Fall Eighth Straight Session, Battered by Robust Production
Natural gas futures failed to gain traction Friday, continuing a lengthy losing streak amid elevated production volumes and strong supplies in storage. At A Glance: Stout supplies apply pressure Output holds above 102 Bcf/d Varied domestic demand view The November Nymex gas futures contract lost 5.8 cents day/day and settled at $2.899/MMBtu. It marked an…
October 20, 2023
Natural Gas Futures Mired in Slump After Bearish Inventory Data
Natural gas futures floundered once again, this time under the heavy weight of a surprisingly bullish government inventory report that indicated supplies remain stout alongside robust production and mild autumn weather. The November Nymex gas futures contract settled at $2.957/MMBtu, down 9.9 cents day/day. It marked a seventh-straight loss. December dropped 13.7 cents to $3.326.…
October 20, 2023
Bears Extend Dominance Over Slumping Natural Gas Futures Prices After Plump Storage Print
Natural gas futures floundered once again, this time under the heavy weight of a surprisingly bullish government inventory report that indicated supplies remain stout alongside robust production and mild autumn weather. The November Nymex gas futures contract settled at $2.957/MMBtu, down 9.9 cents day/day. It marked a seventh-straight loss. December dropped 13.7 cents to $3.326.…
October 19, 2023
Natural Gas Futures Fail to Sustain Rally Amid Mixed Supply/Demand Outlook
Utilities injected 97 Bcf of natural gas into storage for the week ended Oct. 13, bolstered by a big boost in South Central supplies, the U.S. Energy Information Administration (EIA) reported on Thursday. At A Glance: BREAKING: U.S. EIA reports 97 Bcf injection Production holds atop 102 Bcf/d U.S. LNG demand proves strong Natural gas…
October 19, 2023
Bearish Storage Injection Sends November Natural Gas Futures Reeling
Utilities injected 97 Bcf of natural gas into storage for the week ended Oct. 13, bolstered by a big boost in South Central supplies, the U.S. Energy Information Administration (EIA) reported on Thursday. The result proved bearish versus expectations and recent norms – an 85 Bcf five-year average increase – and drove down Nymex natural…
October 19, 2023
Natural Gas Futures Struggle for Direction Even as Spot Prices Further Strengthen
Natural gas futures found fresh footing early Wednesday, rising 8.0 cents in morning trading, but prices ultimately slumped and the prompt month extended a losing streak to six sessions. Weather forecasts showed more demand in coming weeks and LNG feed gas volumes held strong, but abundant supplies countered. At A Glance: Analysts see moderate injection…
October 18, 2023
November Natural Gas Futures Continue Losing Ways Amid Bearish Fundamentals
Bears trampled prompt-month natural gas futures again on Tuesday, extending a losing streak that dates to last week. Production estimates declined from the prior day but remained elevated, while weather forecasts tilted slightly colder but pointed to only modest demand in the weeks ahead. The November Nymex gas futures contract fell 3.0 cents day/day and…
October 18, 2023
Natural Gas Futures Lose Ground Fifth Consecutive Session Despite Production Pullback; Cash Prices Climb
Bears trampled prompt-month natural gas futures again on Tuesday, extending a losing streak that dates to last week. Production estimates declined from the prior day but remained elevated, while weather forecasts tilted slightly colder but pointed to only modest demand in the weeks ahead. The November Nymex gas futures contract fell 3.0 cents day/day and…
October 17, 2023