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 Prices Forge Ahead as Winter Nears, European LNG Demand Endures
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. At A Glance: Domestic weather outlook shifts…
November 4, 2022
Natural Gas Futures, Spot Prices Stumble After Robust Storage Print
Natural gas futures fell following the sixth triple-digit storage injection in seven weeks. The December Nymex futures contract settled at $5.975/MMBtu on Thursday, down 29.3 cents day/day. January lost 25.9 cents to $6.330. NGI’s Spot Gas National Avg. shed 25.0 cents to $3.775. The prompt month had spiked 55.4 cents in the previous session on…
November 4, 2022
Citing ‘Windfall of War’ and Record Profits, Biden Floats New Tax on Natural Gas, Oil Majors
Domestic crude production ticked lower last week along with demand, the U.S. Energy Information Administration (EIA) said Wednesday. The latest government snapshot followed President Biden’s assertion this week that energy majors are keeping a lid on output in order to maintain high oil and natural gas prices to bolster profits. Biden on Monday floated a…
November 4, 2022
See-Sawing Natural Gas Futures Lose Price Support Following Stout Storage Injection
Natural gas futures fell following the sixth triple-digit storage injection in seven weeks. The December Nymex futures contract settled at $5.975/MMBtu on Thursday, down 29.3 cents day/day. January lost 25.9 cents to $6.330. NGI’s Spot Gas National Avg. shed 25.0 cents to $3.775. The prompt month had spiked 55.4 cents in the previous session on…
November 3, 2022
December Natural Gas Futures Bounce Around as Specter of Winter Chill Looms Large
Natural gas futures prices rebounded on Wednesday as weather forecasts once again hinted at colder temperatures and a major export facility affirmed its intention to relaunch this month, offsetting expectations for a stout government inventory report. At A Glance: BREAKING: U.S. EIA reports injection of 107 Bcf into storage for week ending Oct. 28 Forecasts…
November 3, 2022
Pressure Persists on Natural Gas Futures After ‘Whopping’ Storage Injection
The U.S. Energy Information Administration (EIA) reported an injection of 107 Bcf natural gas into storage for the week ended Oct. 28. The result exceeded expectations and more than doubled the prior five-year average, adding pressure to already slumping Nymex natural gas futures. The “whopping” build, as one participant on the online energy platform Enelyst…
November 3, 2022
Volatile Natural Gas Futures, Cash Prices Flip Higher Alongside Demand Forecasts
Natural gas futures prices rebounded on Wednesday as weather forecasts once again hinted at colder temperatures and a major export facility affirmed its intention to relaunch this month, offsetting expectations for a stout government inventory report. At A Glance: Weather outlook shifts colder Futures jump 55 cents day/day Solid storage injection projected The December Nymex…
November 2, 2022
Natural Gas Futures, Cash Prices Post Steep Losses as National Demand Proves Elusive
Natural gas futures failed to sustain momentum Tuesday as fresh signs of benign weather and weak demand overshadowed a drop in production. Following a 67.1-cent gain to start the week, the December Nymex gas futures contract on Tuesday settled at $5.714/MMBtu, down 64.1 cents day/day. January fell 52.7 cents to $6.080. NGI’s Spot Gas National…
November 2, 2022
Domestic Crude Production Dips as Biden Trumpets ‘Windfall’ Tax on Natural Gas, Oil Majors
Domestic crude production ticked lower last week along with demand, the U.S. Energy Information Administration (EIA) said Wednesday. The latest government snapshot followed President Biden’s assertion this week that energy majors are keeping a lid on output in order to maintain high oil and natural gas prices to bolster profits. Biden on Monday floated a…
November 2, 2022
Natural Gas Futures Pull Back Despite Production Drop; Cash Prices Fall as Demand Fades
Natural gas futures failed to sustain momentum Tuesday as fresh signs of benign weather and weak demand overshadowed a drop in production. Following a 67.1-cent gain to start the week, the December Nymex gas futures contract on Tuesday settled at $5.714/MMBtu, down 64.1 cents day/day. January fell 52.7 cents to $6.080. NGI’s Spot Gas National…
November 1, 2022