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
Domestic Crude Production Holds Strong, Prices Recover Despite Banking Crisis
U.S. exploration and production (E&P) firms last week approached the pandemic-era peak oil output level as catalysts for global demand gather and benchmark crude prices recover from fears imposed by financial system upheaval. E&Ps churned out 12.2 million b/d for the week ended March 24, according to the U.S. Energy Information Administration’s (EIA) Weekly Petroleum…
March 29, 2023
April Natural Gas Futures Limp Toward Expiry, Approach $2 Handle; Cash Prices Slide
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 28, 2023
Strong Production, Fading Demand Hold Down April Natural Gas Futures
Natural gas futures kicked off the new week on a low note, slumping alongside warmer trends in weather forecasts, lighter LNG demand and continued robust production levels. At A Glance: Front month sheds 12.8 cents Production levels hold steady Weather outlook adds warmth The April Nymex gas futures contract settled at $2.088/MMBtu, down 12.8 cents…
March 28, 2023
Natural Gas Futures Struggle Amid Looming Expiry, Shifting Weather; Spot Prices Climb
Natural gas futures kicked off the new week on a low note, slumping alongside warmer trends in weather forecasts, lighter LNG demand and continued robust production levels. At A Glance: Front month sheds 12.8 cents Weather outlook adds warmth Production holds at 100 Bcf/d The April Nymex gas futures contract settled at $2.088/MMBtu, down 12.8…
March 27, 2023
Weekly Natural Gas Spot Market Prices Sputter as Spring Nears; Futures Falter
Weekly natural gas cash prices fell as mild temperatures and light heating demand paved a path for price corrections. NGI’s Weekly Spot Gas National Avg. for the March 20-24 period dropped 40.0 cents to $2.320. Prices declined four out of the past week’s five sessions. Weather favored bulls to start the week, with chilly conditions…
March 24, 2023
Natural Gas Futures, Spot Prices Find Path Forward as Forecasts Tilt Colder
Natural gas futures forged ahead Friday, boosted by colder forecasts and expectations for back-to-back bullish storage prints relative to historic norms. The April Nymex gas futures contract settled at $2.216/MMBtu, up 6.2 cents day/day. May rose 7.8 cents to $2.361. At A Glance: Bullish storage print in cards Supplies hold at robust levels Week-ahead weather…
March 24, 2023
Natural Gas Futures, Spot Prices Sputter Amid Weaker Demand Outlook
Natural gas futures flipped positive early Thursday after a government inventory report proved bullish relative to recent years. However, it ultimately was not enough to ease festering supply/demand imbalance concerns. The April Nymex gas futures contract lost 1.7 cents day/day and settled at $2.154/MMBtu. May fell 2.4 cents to $2.283. A day earlier, both shed…
March 24, 2023
Seasonally Steep Storage Pull Not Enough to Bolster Natural Gas Futures, Cash Prices
Natural gas futures flipped positive early Thursday after a government inventory report proved bullish relative to recent years. However, it ultimately was not enough to ease festering supply/demand imbalance concerns. At A Glance: EIA prints 72 Bcf withdrawal Spring weather blossoming Production holds steady, stout The April Nymex gas futures contract lost 1.7 cents day/day…
March 23, 2023
April Natural Gas Futures Rise as Shoulder Season Nears
The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 72 Bcf natural gas from storage for the week ended March 17. The result fell just shy of the median estimates produced by major polls but was bullish relative to recent history, supporting Nymex natural gas futures. At A Glance: BREAKING: U.S. EIA…
March 23, 2023
April Natural Gas Futures Steady in Positive Territory After Nearly In-Line Storage Print
The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 72 Bcf natural gas from storage for the week ended March 17. The result fell just shy of the median estimates produced by major polls but was bullish relative to recent history, supporting Nymex natural gas futures. Ahead of the 10:30 ET EIA…
March 23, 2023