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
As Heat Swelters Toward Records and Spot Prices Strengthen, Natural Gas Futures Bounce Back
Natural gas futures on Tuesday rebounded from losses a day earlier as exceptional near-term heat powered demand and overshadowed lingering concerns about elevated production and supplies. Coming off a 2.8-cent decline, the August Nymex gas futures contract on Tuesday gained 4.5 cents day/day and settled at $2.730/MMBtu. The September contract rose 5.9 cents to $2.747.…
July 25, 2023
Natural Gas Futures Struggle to Find Momentum Even as Demand Powers Spot Prices
Natural gas futures struggled to find direction Monday, teetering between modest gains and losses as traders weighed robust near-term cooling demand against strong production and stout supplies in storage. The August Nymex gas futures contract ultimately settled at $2.685/MMBtu, down 2.8 cents day/day. September lost 1.9 cents to $2.688. The prompt month advanced 7% last…
July 25, 2023
Natural Gas Futures See-Saw as Market Balances Heat Against Robust Supply; Cash Prices Climb
Natural gas futures struggled to find direction Monday, teetering between modest gains and losses as traders weighed robust near-term cooling demand against strong production and stout supplies in storage. At A Glance: Weather outlook loses some heat Production rebounds to 101 Bcf/d NGI sees smaller storage injection The August Nymex gas futures contract ultimately settled…
July 24, 2023
Weekly Natural Gas Cash Prices Cruise Alongside Futures Market Advances
Intense and unrelenting heat waves, combined with lower production, powered weekly natural gas cash and futures prices higher. NGI’s Weekly Spot Gas National Avg. for the July 17-21 trading period gained 20.0 cents to $2.620/MMBtu. National Weather Service (NWS) data showed blistering heat from the deserts of California to Texas, with triple-digit highs peppering that…
July 21, 2023
Natural Gas Futures, Spot Prices Stumble but Bullish Catalysts Abound
Natural gas futures gave up ground amid profit-taking on Friday but finished ahead for the week as robust cooling demand was expected to endure. At A Glance: Prompt month sheds 4.4 cents Weather demand holds strong Storage supplies remain robust The August Nymex gas futures contract fell 4.4 cents day/day and settled at $2.713/MMBtu. September…
July 21, 2023
Bullish Storage Injection Powers Natural Gas Futures, Cash Prices
Natural gas futures powered forward on Thursday, bolstered by a bullish government inventory report, lighter production and forecasts for intense heat in August. The August Nymex gas futures contract settled at $2.757/MMBtu, up 15.4 cents day/day. September gained 14.6 cents to $2.731. NGI’s Spot Gas National Avg. jumped 17.5 cents to $2.715. Futures started the…
July 21, 2023
Bullish Storage Print, Enduring Heat Ignite Natural Gas Futures Rally, Boost Spot Prices
Natural gas futures powered forward on Thursday, bolstered by a bullish government inventory report, lighter production and forecasts for intense heat in August. The August Nymex gas futures contract settled at $2.757/MMBtu, up 15.4 cents day/day. September gained 14.6 cents to $2.731. NGI’s Spot Gas National Avg. jumped 17.5 cents to $2.715. Futures started the…
July 20, 2023
Natural Gas Futures Seek Momentum Amid Intense Heat
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 41 Bcf natural gas into storage for the week ended July 14. The result fell shy of median expectations in polls and further fueled upward momentum for Nymex natural gas futures. At A Glance: BREAKING: U.S. EIA reports 41 Bcf injection into storage…
July 20, 2023
August Natural Gas Futures Rally Around 41 Bcf Storage Print
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 41 Bcf natural gas into storage for the week ended July 14. The result fell shy of median expectations in polls and further fueled upward momentum for Nymex natural gas futures. Ahead of the 10:30 a.m. ET EIA report, the August futures contract…
July 20, 2023
Production Hit, Heat Not Enough to Propel Natural Gas Futures, Spot Prices
Natural gas futures lost momentum on Wednesday, despite intense near-term heat and lower production estimates. Coming off an 11.7-cent gain, the August Nymex gas futures contract shed 2.6 cents day/day and settled at $2.603/MMBtu. September fell 3.3 cents to $2.585. At A Glance: 40s Bcf injection expected Production slides further Signs of strong LNG demand…
July 19, 2023