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
June Natural Gas Futures, Cash Prices Gain More Ground Tuesday
Supported by expectations for slowing production, prompt-month natural gas futures gained just enough ground to notch a third consecutive advance on Tuesday. The June Nymex gas futures contract settled at $2.376/MMBtu, up one-tenth of a cent day/day. July ticked down eight-tenths of a cent to $2.534. NGI’s Spot Gas National Avg. advanced 12.0 cents to…
Bulls Extend Natural Gas Futures Rally to Third Day – Barely; Spot Prices Sustain Momentum
Supported by expectations for slowing production, prompt-month natural gas futures gained just enough ground to notch a third consecutive advance on Tuesday. The June Nymex gas futures contract settled at $2.376/MMBtu, up one-tenth of a cent day/day. July ticked down eight-tenths of a cent to $2.534. NGI’s Spot Gas National Avg. advanced 12.0 cents to…
Natural Gas Futures, Cash Prices Rally on Heels of Rig Count Drop
Natural gas futures traders shrugged off continued mild weather forecasts and elevated supply data, seizing instead on a sharp drop in the weekly rig count to push prices higher for a second day. Following a 7.6-cent gain to close out last week’s trading, the June Nymex gas futures contract on Monday advanced 10.9 cents day/day…
Natural Gas Futures, Spot Prices Power Forward Following Sign of Production Pullback
Natural gas futures traders shrugged off continued mild weather forecasts and elevated supply data, seizing instead on a sharp drop in the weekly rig count to push prices higher for a second day. At A Glance: Bargain buying continues Rig count invigorates bulls NGI sees 110 Bcf injection Following a 7.6-cent gain to close out…
Weekly Natural Gas Spot Prices Stumble; Futures See-Saw But Finish Strong
Weekly natural gas cash prices fell again amid benign shoulder season weather and stout supplies. NGI’s Weekly Spot Gas National Avg. for the May 8-12 period slumped 15.0 cents to $1.715. The average dropped 30.0 cents the prior week. Production pulled back early in the week amid maintenance events and wildfires in western Canada. But…
Once Listless Natural Gas Futures Surge After ‘Massive’ Drop in Rig Count; Spot Prices Weaken
After losses in the two previous sessions, natural gas futures flailed into Friday, losing ground early as forecasts pointed to weak weather-driven demand and supplies remained robust. But the prompt month bounced back in early afternoon trading after the latest Baker Hughes Co. (BKR) data showed natural gas-directed rigs dropped by 16 to 141. The…
Absent Catalysts, Natural Gas Futures, Cash Prices Tread Lightly
Natural gas futures advanced most of Thursday, bolstered by a modestly bullish storage print and lighter production. But with new demand drivers proving elusive, the June Nymex gas futures contract ultimately petered out and settled at $2.190/MMBtu, down one tenth of a cent day/day. July ticked up nine-tenths of a cent to $2.345. Cash prices…
Natural Gas Futures Fail to Maintain Momentum After Middling Storage Build; Sideways Spot Prices
Natural gas futures advanced most of Thursday, bolstered by a modestly bullish storage print and lighter production. But with new demand drivers proving elusive, the June Nymex gas futures contract ultimately petered out and settled at $2.190/MMBtu, down one tenth of a cent day/day. July ticked up nine-tenths of a cent to $2.345. Cash prices…
June Natural Gas Futures Advance Following Seasonally Modest Storage Build
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 78 Bcf into natural gas storage for the week ended May 5. The result fell within the range of market expectations, leaving Nymex natural gas futures to forge ahead. Ahead of the 10:30 a.m. ET government report, the June futures contract was down…
Anemic Demand Snaps June Natural Gas Futures Win Streak
Natural gas futures snapped a three-day winning streak on Wednesday, giving up ground amid strengthening production, fading demand and weakness in cash markets. The June Nymex gas futures contract lost 7.6 cents day/day and settled at $2.191/MMBtu. July fell 9.1 cents to $2.336. NGI’s Spot Gas National Avg. declined 11.5 cents to $1.660. Forecasts “maintained…