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, Cash Prices Retreat as Production Recovers, Demand Tapers
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. At A Glance: Demand remains moderate Supply levels prove robust 70s Bcf…
May 10, 2023
With Production Under Pressure, Natural Gas Futures Forge Ahead
Natural gas futures squeezed out another gain Tuesday, building a three-day rally formed on bargain buying and continued amid production interruptions. But concerns about weak demand through May and potentially into next month emerged anew, keeping bulls’ parade relatively modest. The June Nymex gas futures contract settled at $2.267/MMBtu on Tuesday, up 2.9 cents day/day.…
May 10, 2023
Natural Gas Futures Maintain Winning Ways With Production Lower; Spot Prices Slide
Natural gas futures squeezed out another gain Tuesday, building a three-day rally formed on bargain buying and continued amid production interruptions. But concerns about weak demand through May and potentially into next month emerged anew, keeping bulls’ parade relatively modest. The June Nymex gas futures contract settled at $2.267/MMBtu on Tuesday, up 2.9 cents day/day.…
May 9, 2023
Natural Gas Futures, Cash Prices Rally Amid Canadian Wildfires
Natural gas futures found further momentum on Monday, rallying a second consecutive session amid bargain buying, hints of a potential pullback in U.S. production and wildfires that interrupted output in Canada and boosted cash markets. At A Glance: Raging fires cut Canadian output U.S. rig count hints at slowdown Cooling demand further softens The June…
May 9, 2023
Natural Gas Futures Relief Rally Extends to Second Day Amid Production Threats; Spot Prices Rebound
Natural gas futures found further momentum on Monday, rallying a second consecutive session amid bargain buying, hints of a potential pullback in U.S. production and wildfires that interrupted output in Canada and boosted cash markets. At A Glance: Wildfires crimp Canadian output U.S. rig count hints at slowdown Cooling demand further softens The June Nymex…
May 8, 2023
Weekly Natural Gas Spot Prices, Futures Fall as Demand Dips, Supplies Swell
Weekly natural gas cash prices dropped amid mild temperatures and weakening demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the May 1-5 period fell 30.0 cents to $1.865/MMBtu. Conditions during the week largely favored bears. Production held around 100 Bcf/d most days – well above year-earlier levels and within…
May 5, 2023
Natural Gas Futures Find Reprieve, Escape Weeklong Losing Streak; Cash Prices Cascade
Natural gas futures found their footing on Friday, ending a four-day losing streak that was fueled by a litany of bearish fundamentals. The June Nymex gas futures contract gained 3.6 cents day/day and settled at $2.137/MMBtu. July rose 2.4 cents to $2.321. At A Glance: Technical resistance enters mix Supply/demand favors bears Stout storage surplus…
May 5, 2023
Natural Gas Futures, Spot Prices Lose Again Amid Supply/Demand Imbalance
Momentum for natural gas futures proved further elusive on Thursday following an in-line government inventory report that kept supplies at a hefty surplus relative to historic averages. Strong production and weak weather-driven demand continued to command traders’ attention. The June Nymex gas futures contract fell 6.9 cents day/day and settled at $2.101/MMBtu. July lost 6.3…
May 5, 2023
Stout Supplies Leave Natural Gas Futures to Falter Fourth Consecutive Day; Cash Prices Plop
Momentum for natural gas futures proved further elusive on Thursday following an in-line government inventory report that kept supplies at a hefty surplus relative to historic averages. Strong production and weak weather-driven demand continued to command traders’ attention. The June Nymex gas futures contract fell 6.9 cents day/day and settled at $2.101/MMBtu. July lost 6.3…
May 4, 2023
As Demand Drops, June Natural Gas Futures Struggle Again
The U.S. Energy Information Administration (EIA) reported an injection of 54 Bcf natural gas into storage for the week ended April 28. The result was essentially on par with expectations and failed to provide support for floundering Nymex natural gas futures. At A Glance: BREAKING: U.S. EIA reports 54 Bcf injection into storage Domestic demand…
May 4, 2023