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 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
Natural Gas Bulls Seen Having ‘Very Little Room to Maneuver’
The U.S. Energy Information Administration (EIA) reported an injection of 96 Bcf natural gas into storage for the week ended May 19. The result marked a second-consecutive bullish print relative to market expectations, but it was on par with the five-year average and left Nymex natural gas futures languishing. At A Glance: U.S. EIA reports…
May 25, 2023
Lighter-Than-Expected Storage Injection Fails to Infuse Natural Gas Futures with Fresh Momentum
The U.S. Energy Information Administration (EIA) reported an injection of 96 Bcf natural gas into storage for the week ended May 19. The result marked a second-consecutive bullish print relative to market expectations, but it was on par with the five-year average and left Nymex natural gas futures languishing. After rising 7.7 cents on Wednesday,…
May 25, 2023
Natural Gas Futures Snap Losing Streak, Push Forward Ahead of Storage Print; Cash Prices Slip
Natural gas futures forged ahead Wednesday, ending a three-day retreat despite weak weather-driven demand, steady production and expectations for a triple-digit storage increase. At A Glance: Prompt month gains 7.7 cents Market sees 100 Bcf injection National demand proves light The June Nymex gas futures contract on Wednesday gained 7.7 cents day/day and closed at…
May 24, 2023
Natural Gas Futures, Cash Prices Impacted as Supply/Demand Imbalance Worries Persist
Natural gas futures on Tuesday fell for a third consecutive session as cooling demand remained elusive and production levels held strong. Following an 18.5-cent drop the prior session and a loss to end last week, the June Nymex gas futures contract settled at $2.321/MMBtu on Tuesday, down 7.9 cents day/day. July shed 6.2 cents to…
May 24, 2023
Natural Gas Futures Losing Streak Endures Amid Bearish Fundamentals; Spot Prices Slide
Natural gas futures on Tuesday fell for a third consecutive session as cooling demand remained elusive and production levels held strong. Following an 18.5-cent drop the prior session and a loss to end last week, the June Nymex gas futures contract settled at $2.321/MMBtu on Tuesday, down 7.9 cents day/day. July shed 6.2 cents to…
May 23, 2023
Weekly Natural Gas Spot Prices, Futures Advance Amid Signs of Production Pullback
Weekly natural gas cash prices snapped a May losing streak, bolstered by expectations that production will scale back in the coming weeks and months. NGI’s Weekly Spot Gas National Avg. for the May 15-19 period rose 33.5 cents to $2.050/MMBtu. The average had declined each of the two previous weeks amid pleasant weather. Weather conditions…
May 19, 2023
Natural Gas Futures Rally Again, but Fail to Maintain Momentum Late; Spot Prices Push Ahead
Natural gas futures advanced most of Friday, spurred higher by supply interruptions and the potential for a sustained production pullback. But the prompt month gave up gains late and finished flat as traders paused to digest the latest rig count data. At A Glance: Storage miss motivates bulls Production remains wildcard Weather demand on hiatus…
May 19, 2023
June Natural Gas Prices React to Light Storage Print
Natural gas futures surged ahead Thursday after a government inventory report fell far short of expectations. It marked the fourth advance in five sessions for the prompt month, with markets also focused this week on expectations for declining production. The June Nymex gas futures contract jumped 22.7 cents day/day to close at $2.592/MMBtu. July gained…
May 19, 2023
Natural Gas Futures Fly Higher Following Surprisingly Bullish Storage Result; Cash Prices Ease
Natural gas futures surged ahead Thursday after a government inventory report fell far short of expectations. It marked the fourth advance in five sessions for the prompt month, with markets also focused this week on expectations for declining production. The June Nymex gas futures contract jumped 22.7 cents day/day to close at $2.592/MMBtu. July gained…
May 18, 2023