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 Recover After Bruising Week as Markets Turn Focus to Forecasts for Mid-Summer Heat
Natural gas futures fought off a fifth-consecutive decline amid forecasts for above-normal temperatures A day earlier, futures dropped to a 25-year low after a massive storage build spooked markets Spot prices lost ground amid lingering concerns about oversupply Natural gas futures traded in the red much of Friday but staved off a fifth-consecutive decline, recovering…
June 29, 2020
Despite Headwinds, Summer Heat Props Up Weekly Natural Gas Prices
Newly intensified coronavirus outbreaks threatened energy demand, but rising summer temperatures across much of the Lower 48 boosted cash prices for the June 22-26 period. NGI’s Weekly Spot Gas National Avg. for the June 22-26 period climbed 9.5 cents to $1.520. Stronger summer conditions took hold during the week – following a relatively mild stretch…
June 26, 2020
Natural Gas Futures Avoid Fifth Straight Day of Loss as Markets Digest ‘Monster’ Storage Injection
Natural gas futures traded in the red much of Friday but staved off a fifth-consecutive decline, recovering some ground from the steep losses posted a day earlier after a colossal storage build spooked markets and amplified entrenched supply/demand worries. The July Nymex contract rose 1.3 cents day/day and settled at $1.495/MMBtu. The July contract moved…
June 26, 2020
Triple-Digit Storage Exceeds Expectations, Sends July Natural Gas Futures to 25-year Low
Natural Gas futures sunk to a low last seen in 1995 Storage injection easily surpassed analysts’ expectations and magnified supply/demand imbalance worries Summer heat has intensified in June, but the outlook is mixed Natural gas futures plunged Thursday after a hefty storage injection that easily surpassed the high end of analysts’ expectations and magnified supply/demand…
June 26, 2020
July Natural Gas Futures Plummet Following Triple-Digit Storage Build Far Ahead of Expectations
Natural gas futures plunged Thursday after a hefty storage injection that easily surpassed the high end of analysts’ expectations and magnified supply/demand imbalance worries amid a coronavirus pandemic that has crippled economic activity and dwindled U.S. exports. The July Nymex contract dropped 11.5 cents day/day and settled at $1.482 /MMBtu — a fourth-consecutive day of…
June 25, 2020
With Lofty Storage Injection Expected And Pandemic Fallout Festering, Natural Gas Futures Continue to Fall
BREAKING: U.S. EIA reports injection of 120 Bcf natural gas storage for the week ending June 19 Stronger heat-driven demand has yet to materialize, while LNG remains soft Analysts expect EIA to report a triple-digit storage build Spot prices advance as power burns pick up Natural gas futures traded in a narrow range most of…
June 25, 2020
Natural Gas Futures Dive Lower After Triple-Digit Storage Injection Beyond ‘Worst Expectations’
The U.S. Energy Information Administration (EIA) reported an injection of 120 Bcf natural gas storage for the week ending June 19, a bearish report that soared beyond the high end of projections, driving down natural gas futures. The latest print was “beyond my worst expectations,” said one participant on The Desk’s online energy platform Enelyst.…
June 25, 2020
With Extreme Heat Yet to Materialize and Big Storage Build Expected, July NatGas Futures Extend Slide
Natural gas futures traded in a narrow range most of Wednesday, as markets weighed the prospects of heat-driven demand against continued liquefied natural gas (LNG) export weakness. But the prompt month ultimately finished in the red, dragged lower along with bearish storage injection estimates. The July Nymex contract settled at $1.597/MMBtu, down 4.0 cents day/day.…
June 24, 2020
Natural Gas Futures Dragged Lower On Concerns Heat Not Strong Enough to Drive Robust Cooling Demand
For a second consecutive day, natural gas futures gave up ground Tuesday on a weakening heat outlook Increased power demand is needed as production shows signs of increasing and liquefied natural gas exports remain soft Spot prices also dropped as enthusiasm chilled on cooler weather Natural gas futures gave up more ground Tuesday on a…
June 24, 2020
Weakened Heat Outlook Further Weighs on July Natural Gas Futures
Natural gas futures gave up more ground Tuesday on a weakening heat outlook and concerns that diminishing cooling needs could keep power demand in check at a time when production shows signs of increasing and liquefied natural gas (LNG) exports remain soft. The July Nymex contract fell 2.7 cents day/day, settling at $1.637/MMBtu. August lost…
June 23, 2020