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
Weekly Natural Gas Spot Prices, Futures Struggle Amid Elusive Demand, Stout Production
Weekly cash prices skidded lower amid solid production and light heating demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Jan. 23-27 period fell 61.0 cents to $4.880. As the trading week closed, Algonquin Citygate was down 45.5 cents to $3.755, while Kingsgate was off 33.5 cents to $2.960…
January 27, 2023
February Natural Gas Futures Seesaw Into Expiry; Cash Prices Rebound
February natural gas futures floundered most of Friday but bounced back in the final hour, avoiding a fourth-consecutive loss under the pressure of steady production and supply/demand imbalance. The February Nymex contract gained 16.5 cents day/day and settled at $3.109/MMBtu before rolling off the board. March, which takes over as the prompt month, ticked up…
January 27, 2023
February Natural Gas Futures Fall Below $3; Spot Prices Slip
Natural gas futures could not shake their losing ways on Thursday. Weak weather, strong production and another anemic storage print sent prices lower a third consecutive day. The February Nymex gas futures contract settled at $2.944/MMBtu, down 12.3 cents day/day. It marked the first front month close below $3 since mid-2021. March shed 6.7 cents…
January 27, 2023
Weak Storage Print Prolongs Natural Gas Futures Losing Streak; Cash Prices Drop
Natural gas futures could not shake their losing ways on Thursday. Weak weather, strong production and another anemic storage print sent prices lower a third consecutive day. The February Nymex gas futures contract settled at $2.944/MMBtu, down 12.3 cents day/day. It marked the first front month close below $3 since mid-2021. March shed 6.7 cents…
January 26, 2023
Absent Demand Drivers, Natural Gas Futures, Cash Prices Cascade
Natural gas futures, which only last month traded around $6/MMBtu, have steadily lost ground in the new year amid seasonally mild weather and closed near the $3 level on Wednesday. It marked the lowest front-month settlement since 2021. A day after dropping 18.9 cents, the February Nymex futures contract shed another 19.1 cents day/day and…
January 26, 2023
Natural Gas Futures Bruised and Battered After EIA Posts 91 Bcf Storage Pull
Utilities withdrew 91 Bcf of natural gas from storage for the week ended Jan. 20, the U.S. Energy Information Administration (EIA) reported Thursday. The draw was greater than market expectations but anemic relative to historic norms, keeping pressure on already beaten-down Nymex natural gas futures. Just ahead of the 10:30 ET government report on Thursday,…
January 26, 2023
Extended Rout Drives Natural Gas Futures Down Near $3; Spot Prices Drop
Natural gas futures, which only last month traded around $6/MMBtu, have steadily lost ground in the new year amid seasonally mild weather and closed near the $3 level on Wednesday. It marked the lowest front-month settlement since 2021. At A Glance: Prompt month falls 19 cents Supplies strong relative to demand Analysts expect bearish storage…
January 25, 2023
U.S. Oil Production Holds Steady Even As Near-Term Demand Slips Further
Domestic crude production matched the pandemic-era peak, while demand last week declined and extended a trend early in 2023. The U.S. Energy Information Administration (EIA) said Wednesday output for the period ended Jan. 20 clocked in at 12.2 million b/d – matching the high mark of the past two years and on par with the…
January 25, 2023
Spot Prices Climb, Natural Gas Futures Fall Ahead of Wintry Mix
Traders sent natural gas futures lower on Tuesday, even as production declined and weather forecasts pointed to stronger consumption. The February Nymex gas futures contract settled at $3.258/MMBtu, down 18.9 cents day/day. March shed 16.5 cents to $3.057. NGI’s Spot Gas National Avg., in contrast, gained 36.5 cents to $5.725 as new cold fronts formed…
January 25, 2023
Natural Gas Futures Flounder Even As Cold Front Approaches, Cash Prices Strengthen
Traders sent natural gas futures lower on Tuesday, even as production declined and weather forecasts pointed to stronger consumption. The February Nymex gas futures contract settled at $3.258/MMBtu, down 18.9 cents day/day. March shed 16.5 cents to $3.057. NGI’s Spot Gas National Avg., in contrast, gained 36.5 cents to $5.725 as new cold fronts formed…
January 24, 2023