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
Downward Price Pressure Mounts Anew on Natural Gas Futures; Spot Market Advances
Natural gas futures fell Monday, kicking off the new month much in the way 2023 has gone so far – under pressure from strong production, modest weather-driven demand and stout storage supplies. At A Glance: Prompt month sheds 11.9 cents Production, supplies robust Weakening weather outlook The May Nymex gas futures contract settled at $2.097/MMBtu,…
April 3, 2023
Saudi Arabia, Allied Producers Announce Steep Oil Output Cuts; $110 Price Potential
Saudi Arabia said Sunday it would further scale back crude production by 500,000 b/d from May through the end of the year, leading a broader OPEC-plus effort to curb supplies and bolster prices. In total, the Saudi energy ministry said the group of producer countries would cut more than 1 million b/d. This would come…
April 3, 2023
As Futures Flounder, Weekly Natural Gas Spot Prices Push Ahead
Weekly natural gas cash prices powered forward as wintry chills and light supplies in the West overshadowed mild temperatures and light heating demand across most of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the March 27-30 period climbed 20.0 cents to $2.520. As the trading week closed, SoCal Border Avg. was up…
March 31, 2023
LNG Strength Powers May Natural Gas Futures Momentum; Spot Prices Sink
Natural gas futures, under pressure throughout the week and most of the past month, finished March on a high note alongside mounting export momentum that offset fading domestic weather demand. At A Glance: Freeport export volumes pop Weather-driven demand fades Texas cash market faces test The May Nymex gas futures contract, after dropping 8.0 cents…
March 31, 2023
May Natural Gas Futures Begin Front Month Run With Whimper
May natural gas futures moved to the front of the curve for the first time Thursday and took a beating after a bearish storage print affirmed supply/demand imbalance concerns heading into shoulder season. The May Nymex gas futures contract lost 8.0 cents day/day and settled at $2.104/MMBtu. June fell 9.0 cents to $2.358. NGI’s Spot…
March 31, 2023
Bears Maul May Natural Gas Futures, Squashing Front Month Debut; Cash Prices Climb
May natural gas futures moved to the front of the curve for the first time Thursday and took a beating after a bearish storage print affirmed supply/demand imbalance concerns heading into shoulder season. The May Nymex gas futures contract lost 8.0 cents day/day and settled at $2.104/MMBtu. June fell 9.0 cents to $2.358. NGI’s Spot…
March 30, 2023
Expiring April Natural Gas Futures Fell Below $2 as Downward Price Pressure Endures
The April Nymex natural gas futures contract floundered on its final day as the front month – a third consecutive loss – as the intersection of robust production and waning demand again captured traders’ attention. April futures on Wednesday fell 3.9 cents day/day to close at a monthly low of $1.991/MMBtu. It then rolled off…
March 30, 2023
Bearish Storage Print Sustains Downward Pressure on Natural Gas Futures
The U.S. Energy Information Administration (EIA) posted a withdrawal of 47 Bcf natural gas from storage for the week ended March 24. The result fell short of median estimates in polls while inventories remained well above average levels. Natural gas futures faltered in the wake of the report. Ahead of the print, May Nymex futures…
March 30, 2023
Expiring April Natural Gas Futures Fall Below $2 as Downward Price Pressure Endures
The April Nymex natural gas futures contract floundered on its final day as the front month – a third consecutive loss – as the intersection of robust production and waning demand again captured traders’ attention. At A Glance: Production offsets LNG demand Analysts see 50s Bcf withdrawal May takes over as prompt month April futures…
March 29, 2023
Ahead of Expiration, April Natural Gas Futures Falter Again; Spot Prices Slip
Beleaguered natural gas futures fell a second day, hampered again by robust supplies and weakening weather-driven demand. The April Nymex gas futures contract lost 5.8 cents day/day and closed at $2.030/MMBtu. May futures settled at $2.147, down 6.8 cents. NGI’s Spot Gas National Avg. slipped 9.5 cents to $2.470. Production held above 100 Bcf/d on…
March 29, 2023