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
Bearish Storage Print Sends Already Battered Natural Gas Futures Reeling; Spot Prices Slide
Natural gas futures faltered on Thursday, driven lower by a robust inventory injection that reflected strong production and anemic demand. The July Nymex gas futures contract, which has lost ground each day this week, dropped 10.8 cents day/day and settled at $2.158/MMBtu.. August lost 8.5 cents to $2.273. At A Glance: EIA posts 110 Bcf…
June 1, 2023
July Natural Gas Futures Fail to Find Momentum
The U.S. Energy Information Administration (EIA) reported an injection of 110 Bcf natural gas into storage for the week ended May 26. The result came in above median estimates and drove Nymex natural gas futures deeper into the red. Natural gas futures on Wednesday declined again under the weight of two usual suspects – steady…
June 1, 2023
Triple-Digit Storage Injection Keeps Pressure on Beleaguered Natural Gas Futures
The U.S. Energy Information Administration (EIA) reported an injection of 110 Bcf natural gas into storage for the week ended May 26. The result came in above median estimates and drove Nymex natural gas futures deeper into the red. The inventory increase, driven by steady production volumes above 100 Bcf/d and modest demand on both…
June 1, 2023
Strong Production, Weak Demand Cripple Natural Gas Futures; Cash Prices Climb
Natural gas futures on Wednesday declined again under the weight of two usual suspects – steady production and modest demand. Following Tuesday’s 9.0-cent sell-off, the July Nymex gas futures contract settled at $2.266/MMBtu, down 6.1 cents day/day. August shed 5.8 cents to $2.358. In contrast, NGI’s Spot Gas National Avg. advanced a second straight day,…
May 31, 2023
With Cooling Demand Light, July Natural Gas Futures Flounder
Natural gas futures started the new week as they finished the last – comfortably in the red. Amid mild weather and modest cooling demand, the July Nymex gas futures contract on Tuesday fell 9.0 cents day/day and settled at $2.327/MMBtu. August lost 8.9 cents to $2.416. NGI’s Spot Gas National Avg. gained 33.0 cents to…
May 31, 2023
July Natural Gas Futures Stumble as Weak Weather Demand Prevents Progress; Spot Prices Recover
Natural gas futures started the new week as they finished the last – comfortably in the red. Amid mild weather and modest cooling demand, the July Nymex gas futures contract on Tuesday fell 9.0 cents day/day and settled at $2.327/MMBtu. August lost 8.9 cents to $2.416. NGI’s Spot Gas National Avg. gained 33.0 cents to…
May 30, 2023
Soft Demand, Stout Supplies Bruise Weekly Natural Gas Spot Prices, Futures
Weekly natural gas cash prices lost ground for the third time in May, hampered by strong supply levels and weak demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the May 22-26 period fell 14.0 cents to $1.910. Conditions during the covered period were fundamentally unfavorable for bulls: Production held…
May 26, 2023
Listless Demand Sends Natural Gas Futures Lower Fifth Time in Six Sessions; Cash Prices Cascade
Natural gas futures on Friday fell a second consecutive day and for the fourth time in a dismal week for bulls. Elusive demand – both domestic weather-driven consumption and lower calls for LNG – intersected with strong production levels to keep prices in check. At A Glance: Weak consumption prevails Production tops 100 Bcf/d Strong…
May 26, 2023
June Natural Gas Futures, Spot Prices Pressured as Demand Evades Lower 48
Natural gas futures stumbled for the fourth time in five sessions on Thursday, bruised by weak demand and robust supplies. The June Nymex gas futures contract settled at $2.307/MMBtu, down 9.1 cents day/day. July fell 9.0 cents to $2.476. NGI’s Spot Gas National Avg. dropped 15.5 cents to $1.845. The prompt month had posted a…
May 26, 2023
Natural Gas Futures Struggle Amid Benign Weather, Hefty Supplies and Sluggish Cash Prices
Natural gas futures stumbled for the fourth time in five sessions on Thursday, bruised by weak demand and robust supplies. The June Nymex gas futures contract settled at $2.307/MMBtu, down 9.1 cents day/day. July fell 9.0 cents to $2.476. NGI’s Spot Gas National Avg. dropped 15.5 cents to $1.845. The prompt month had posted a…
May 25, 2023