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 Prices Reach ‘Turning Point,’ with Possible Rally into 2021, Says BofA
Lofty summer heat in July, with forecasts for more by mid-August, should further ease pressure on storage injection levels as industrial energy demand shows signs of increasing and global economies emerge from coronavirus-imposed lockdowns, BofA Global Research analysts said. Analysts including Peter Helles said gas had reached a “turning point,” and they also anticipate European…
August 4, 2020
August Natural Gas Bidweek Prices Jump on Late Summer Heat
Natural gas prices climbed higher in August bidweek trading as markets mulled prospects for ongoing seasonal cooling demand, strong power burns and robust Mexican export levels. NGI’s August Bidweek National Avg. rose 23.0 cents month/month to $1.680/MMBtu. The August Nymex natural gas futures contract rolled off the board last Wednesday at $1.854, up 5.4 cents…
August 3, 2020
Hurricane, Coronavirus and Demand Concerns Weigh Down September Natural Gas Futures
Temperatures in many parts of the Lower 48 are expected to cool down in the coming week Hurricane Isaias could further weaken energy demand Continued spread of the coronavirus dampened sources of demand outside of weather September natural gas futures on Friday declined for a second day in a row as summer heat was…
August 3, 2020
Weekly Natural Gas Prices Climb Higher on Strong Seasonal Demand
Weekly cash market prices ratcheted up across much of the Lower 48, led higher by strong cooling demand in California and swaths of the East. NGI’s Weekly Spot Gas National Avg. for the July 27-30 period jumped 13.5 cents to $1.755. Trading on Friday (July 31) was for gas delivered on Monday (Aug. 3). For…
July 31, 2020
September Natural Gas Futures Give Up More Ground as Hurricane Approaches, Temperatures Cool
September natural gas futures on Friday declined for a second day in a row as summer heat was forecast to fade, a new hurricane raced toward Florida and coronavirus-induced economic concerns weighed on markets. The September Nymex contract shed 3.0 cents day/day and settled at $1.799/MMBtu. October fell 3.4 cents to $1.957. NGI’s Spot Gas…
July 31, 2020
September Natural Gas Futures Dive Lower Following Storage Report And Eased Heat Expectations
The U.S. EIA reported an injection of 26 Bcf natural gas storage for the week ending July 24 Forecasts shifted further cooler for early August Concerns simmered about liquefied natural gas exports September natural gas futures sunk on Thursday after a higher-than-expected storage build and forecasts for moderating heat amplified demand and containment concerns as…
July 31, 2020
September Natural Gas Futures Slump After Storage Report, Cooler Weather Forecasts
September natural gas futures sunk on Thursday after a higher-than-expected storage build and forecasts for moderating heat amplified demand and containment concerns as fall approaches. In its first trading day on the books as the prompt month, the September Nymex contract shed 10.1 cents day/day and settled at $1.829/MMBtu. October fell 8.8 cents to $1.991. …
July 30, 2020
With Light Storage Injection Expected and Mexican Exports Strong, August Natural Gas Futures Extend Upward March
BREAKING: U.S. EIA reports injection of 26 Bcf into storage for week ending July 24, slightly above expectations U.S. pipeline supply to Mexico reached record highs in July August natural gas futures climbed higher for a second consecutive day as storage capacity concerns eased and traders adjusted positions ahead of the September contract becoming the…
July 30, 2020
September Natural Gas Futures in the Red After Higher-Than-Expected Storage Injection
The U.S. Energy Information Administration (EIA) reported an injection of 26 Bcf into storage for the week ending July 24, a print that came in slightly above the average of major polls and pushed Nymex natural gas futures lower. The result implies that demand, lifted by summer heat and strong energy use for cooling, is…
July 30, 2020
August Natural Gas Futures Continue Rally After Forecasts for Below-Average Storage Injection
August natural gas futures climbed higher for a second consecutive day as storage capacity concerns eased and traders adjusted positions ahead of the September contract becoming the front month on Thursday. The August Nymex contract settled at $1.854/MMBtu, up 5.4 cents day/day. After the close, the August contract rolled off the board. September climbed 6.6…
July 29, 2020