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 See-Saw in Wake of Anemic Storage Print
Oppressive heat and an anemic storage injection that fell far short of expectations powered natural gas futures higher much of Thursday, extending a rally and pushing the prompt month firmly above the $8 threshold. However, traders took profits late in the session and the August Nymex gas futures contract settled at $7.932, down 7.5 cents…
July 22, 2022
Natural Gas Futures Rally Loses Steam Despite Bullish Storage Print, Weather Outlook
Oppressive heat and an anemic storage injection that fell far short of expectations powered natural gas futures higher much of Thursday, extending a rally and pushing the prompt month firmly above the $8 threshold. However, traders took profits late in the session and the August Nymex gas futures contract settled at $7.932, down 7.5 cents…
July 21, 2022
Natural Gas Futures, Spot Prices Soar as Summer Heat Sizzles
Natural gas futures flew higher for the third time in four sessions as oppressive heat across most of the Lower 48 kept air conditioners cranking, and festering supply challenges in Europe bolstered the demand outlook for U.S. exports. At A Glance: BREAKING: U.S. EIA reports only 32 Bcf of natural gas was injected into storage…
July 21, 2022
Weak Storage Injection Reignites August Natural Gas Futures
Only 32 Bcf of natural gas was injected into storage for the week ended July 15, the U.S. Energy Information Administration (EIA) reported on Thursday. The print fell far short of expectations amid inventory decreases in a South Central region barraged by unrelenting heat. Median estimates of major surveys ahead of the print hung in…
July 21, 2022
Natural Gas Futures Spike above $8 as Heat Wave Drives Demand, Europe’s Woes Worsen
Natural gas futures flew higher for the third time in four sessions as oppressive heat across most of the Lower 48 kept air conditioners cranking, and festering supply challenges in Europe bolstered the demand outlook for U.S. exports The August Nymex gas futures contract surged 74.3 cents day/day and settled at $8.007/MMBtu. September rose 74.9…
July 20, 2022
U.S. Crude Production Falls Again While Demand Rebounds; Inventories Decline
Oil output in the United States declined for a second consecutive week, dashing hopes that production would keep pace with summer demand and ease pressure on inventories and prices. After climbing to a 2022 high of 12.1 million b/d in June, U.S. output fell to 11.9 million b/d for the period ended July 15. That…
July 20, 2022
Natural Gas Futures Dip Lower After Modest Shift in Weather Forecasts
Natural gas futures pulled back Tuesday after mid-range heat forecasts eased slightly and a new outlook called for record production on the horizon, ending a rally that had been fueled by sizzling summer heat. The August Nymex gas futures contract settled at $7.264/MMBtu, down 21.5 cents day/day. September fell 23.2 cents to $7.150. The prompt…
July 20, 2022
Natural Gas Futures Win Streak Ends on Heels of Slight Change to Forecast, Potential Production Boost
Natural gas futures pulled back Tuesday after mid-range heat forecasts eased slightly and a new outlook called for record production on the horizon, ending a rally that had been fueled by sizzling summer heat. The August Nymex gas futures contract settled at $7.264/MMBtu, down 21.5 cents day/day. September fell 23.2 cents to $7.150. The prompt…
July 19, 2022
‘Super-Hot’ Weather Pattern Spurs on Natural Gas Futures Rally
Natural gas futures flew higher on Monday, building on the prior week’s gains, as soaring temperatures baked much of the Lower 48 and forecasts called for heat waves to fester through July and into next month. The August Nymex contract jumped 46.3 cents day/day and settled at $7.479. September gained 45.6 cents to $7.382. The…
July 19, 2022
Natural Gas Futures, Cash Prices Surge Amid ‘Blistering’ Heat Wave
Natural gas futures flew higher on Monday, building on the prior week’s gains, as soaring temperatures baked much of the Lower 48 and forecasts called for heat waves to fester through July and into next month. The August Nymex contract jumped 46.3 cents day/day and settled at $7.479. September gained 45.6 cents to $7.382. The…
July 18, 2022