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
Moderately Cooler Forecasts Enough to Drive Down August Natural Gas Futures
Though intense heat remains in the cards for the balance of summer, near-term forecasts shifted cooler over the weekend Analysts said still-strong summer temperatures should continue to drive exceptional levels of cooling demand Weak liquefied natural gas demand remains a stubborn headwind Though intense heat remains in the cards for the balance of summer, near-term…
July 14, 2020
August Natural Gas Futures Dip Lower Alongside Forecasts for Less Intense Heat
Though intense heat remains in the cards for the balance of summer, near-term forecasts shifted cooler over the weekend and had a dampening effect on natural gas futures Monday. The August Nymex contract lost 6.6 cents day/day and settled at $1.739/MMBtu. September fell 5.0 cents to $1.797. NGI’s Spot Gas National Avg. advanced 1.0 cent…
July 13, 2020
With Soaring Temperatures and Mexican Exports Climbing, August Natural Gas Futures Finish the Week Strong
U.S. piped exports to Mexico hit the highest level ever reached in cross-border flows in a single gas day While cooler from earlier forecasts, the outlook for heat remains strong across most of the Lower 48 The continued spread of the coronavirus and its adverse impact on economic activity and industrial energy demand remains a…
July 13, 2020
Weekly Natural Gas Prices Post Solid Gains as Summer Temperatures Soar
Spot prices surged over the course of the week as robust heat stretched across the country, with highs reaching into the triple-digits over swaths of Texas and the Southwest. Strong cooling demand propelled weekly spot gas prices for the July 6-10 period. NGI’s Weekly Spot Gas National Avg. advanced 22.0 cents to $1.730. Though forecasts…
July 10, 2020
August Natural Gas Futures Finish Uneven Week on a High Note
Though forecasts eased some early Friday, expectations for continued extreme summer heat and robust cooling demand outshined a weak outlook for liquefied natural gas (LNG) and storage concerns, helping natural gas futures rebound from losses a day earlier. The August Nymex contract gained 2.6 cents day/day and settled at $1.805/MMBtu. September rose 2.6 cents to…
July 10, 2020
August Natural Gas Futures Tumble Despite Lower Storage Injection, Strong Summer Temperatures
The U.S. Energy Information Administration reported a storage injection below expectations But skepticism about excess supply and export weakness weighed down futures Spot prices continued to advance amid robust summer heat A slightly bullish storage print and ongoing expectations for strong cooling demand proved too little to offset skepticism about excess supply, export weakness and…
July 10, 2020
Below-Average Storage Injection Fails to Lift August Natural Gas Futures
A slightly bullish storage print and ongoing expectations for strong cooling demand proved too little to offset skepticism about excess supply, export weakness and ongoing fallout from the coronavirus pandemic. The August Nymex contract lost 4.5 cents day/day and settled at $1.779/MMBtu on Thursday. September fell 5.5 cents to $1.821. Boosted by waves of summer…
July 9, 2020
Robust Heat Outlook Offset by LNG Concerns as August Natural Gas Futures Lose Ground
BREAKING: U.S. EIA reports an injection of 56 Bcf into natural gas storage for the week ending July 3, slightly below average estimates Profit-taking and skepticism about the outlook for liquefied natural gas snapped a three-day winning streak for natural gas futures Continued spread of the coronavirus and uncertainty about economic activity amplified market doubts…
July 9, 2020
Nearly In-Line Storage Injection a Drag on August Natural Gas Futures
The U.S. Energy Information Administration (EIA) reported an injection of 56 Bcf into natural gas storage for the week ending July 3, coming in slightly below average estimates and nudging Nymex natural gas futures lower. Analysts said the latest injection signals that demand, boosted by scorching summer heat that is driving energy use for cooling,…
July 9, 2020
Win Streak Ends for August Natural Gas Futures, Despite Continued Strong Heat Outlook
Profit-taking and simmering skepticism about the outlook for liquefied natural gas (LNG) on Wednesday snapped a three-day winning streak for natural gas futures. The August Nymex contract lost 5.2 cents day/day and settled at $1.824/MMBtu. September fell 6.3 cents to $1.876. NGI’s Spot Gas National Avg. rose a half-cent to $1.755. After swooning to a…
July 8, 2020