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 Bounce Back After Bullish Storage Print, Wintry Weather
Natural gas futures rebounded Thursday amid bullish shifts in weather conditions and a lighter-than-expected storage injection — and despite widespread power losses in Florida as Tropical Storm Nicole wreaked havoc on the state’s Atlantic coast as well as inland markets. After plunging more than $1.00 over the two previous sessions – when weather was benign…
November 10, 2022
Natural Gas Futures in Freefall Ahead of Hurricane Threat
Natural gas futures fell for a second consecutive session Wednesday as a powerful storm approached the Southeast, threatening power outages, while traders braced for another plump storage increase and the delayed return of a key export facility. Coming off an 80.6-cent slump Tuesday, the December Nymex gas futures contract shed 27.3 cents day/day to settle…
November 10, 2022
Natural Gas Futures, Spot Prices Flounder Second Day Amid Hurricane Expectations, Freeport Unknowns
Natural gas futures fell for a second consecutive session Wednesday as a powerful storm approached the Southeast, threatening power outages, while traders braced for another plump storage increase and the delayed return of a key export facility. At A Glance: Market looks for strong storage injection Southeast braces for hurricane conditions Freeport LNG’s return remains…
November 9, 2022
U.S. E&Ps Step Up Oil Production as Demand Climbs, Recession Lurks
Domestic crude production climbed notably last week, putting output near the 2022 peak, as U.S. demand accelerated and global market conditions tightened. The Energy Information Administration (EIA) said Wednesday that output for the week ended Nov. 4 climbed by 200,000 b/d from the previous week to 12.1 million b/d. That brought production close to the…
November 9, 2022
Natural Gas Spot Prices, Futures Falter as Powerful Storm Threatens Demand Destruction
Natural gas futures faltered on Tuesday, snapping a furious two-day rally as Tropical Storm Nicole gathered strength, approached Florida and threatened to evolve into a demand-destroying hurricane this week. Following a 54.4-cent surge in the previous session, the December Nymex gas futures contract settled at $6.138 on Tuesday, down 80.6 cents day/day. January dropped 72.0…
November 9, 2022
Natural Gas Futures, Cash Prices Fizzle as Potential Hurricane Barrels Toward Florida, Ending Rally
Natural gas futures faltered on Tuesday, snapping a furious two-day rally as Tropical Storm Nicole gathered strength, approached Florida and threatened to evolve into a demand-destroying hurricane this week. Following a 54.4-cent surge in the previous session, the December Nymex gas futures contract settled at $6.138 on Tuesday, down 80.6 cents day/day. January dropped 72.0…
November 8, 2022
Forecasted Freeze Sends Natural Gas Futures, Cash Prices Soaring
Natural gas futures flew higher on Monday, bolstered by forecasts for substantially colder weather and stronger heating demand. The December Nymex contract gained 54.4 cents day/day to settle at $6.944/MMBtu, adding to a 42.5 cent rally in Friday’s session. January climbed 49.0 cents to $7.244. While volatile in recent trading, the prompt month hit a…
November 8, 2022
Natural Gas Futures Extend Rally as Wintry Weather Nears; Spot Prices Surge
Natural gas futures flew higher on Monday, bolstered by forecasts for substantially colder weather and stronger heating demand. The December Nymex contract gained 54.4 cents day/day to settle at $6.944/MMBtu, adding to a 42.5 cent rally in Friday’s session. January climbed 49.0 cents to $7.244. At A Glance: Forecasts add ‘hefty’ dose of demand Potential…
November 7, 2022
Natural Gas Futures Finish With Flurry as Focus Shifts to Demand Drivers
Natural gas futures finished a volatile week on a high note, with the December Nymex contract jumping 42.5 cents day/day and settling at $6.400/MMBtu. January gained 42.4 cents to $6.754. Traders shrugged off a stout storage report and focused anew on approaching winter weather and long-term global demand. NGI’s Spot Gas National Avg., in contrast,…
November 7, 2022
Weekly Natural Gas Prices, Futures Ride Supply/Demand Rollercoaster
Weekly natural gas cash prices ultimately gave up ground amid near-term mild temperatures and light heating demand, which culminated a choppy slog of trading marked by wavering weather forecasts, a stout storage injection and a cloud of recession fears that threatened to darken. NGI’s Weekly Spot Gas National Avg. for the Oct. 31-Nov. 4 period…
November 4, 2022