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
Lower Natural Gas Prices and Curbed Inflation Set Stage for Infrastructure-Supportive Interest Rate Cuts
Natural gas prices are on the rise in May, but they are coming off some of the lowest levels of the decade in April, as well as weakness through most of 2024. This sapped the will of natural gas bulls for a stretch. However, the price slump dropped consumer heating bills over the past winter…
Natural Gas Futures, Spot Prices Advance as Southern Heat Takes Root, Production Slows
Natural gas futures on Tuesday rallied amid forecasts for strong Southern heat, continued light production estimates and expectations for a bullish government inventory print. At A Glance: Heat forecast to spread Production below 96 Bcf/d Bullish injection expected The June Nymex gas futures contract settled at $2.416/MMBtu, up 7.2 cents day/day. NGI’s Spot Gas National…
After Hitting Three-Month High, Profit-Taking Saps Natural Gas Futures; Waha Cash Prices Flip Positive
Natural gas futures floundered on Tuesday as traders took profits and ongoing maintenance projects called into question the timing of a full rebound in export demand. At A Glance: Production near 97 Bcf/d Export demand mixed Strong Southern heat Coming off a 12.9 cent jump on Monday and a 5% rally last week, the June…
Natural Gas Futures, Spot Prices Relaunch Bull Parade as Summer Heat Nears
Natural gas futures rallied anew on Monday against a backdrop of looming summer weather, lighter production and an improving storage situation. At A Glance: Temperatures mount in South Production around 98 Bcf/d NGI models 75 Bcf injection After gaining 5% last week – despite a drop Friday – the June Nymex gas futures contract on…
Weekly Natural Gas Spot Prices Mixed Due to Waha Wildcard; Futures Rally on Lighter Production
Weekly natural gas cash prices were mixed as continued declines in production and pockets of strong demand empowered bulls, but weakness in West Texas kept bears in that region on the prowl. NGI’s Weekly Spot Gas National Avg. for the May 6-10 period rose 4.0 cents to $1.425/MMBtu. Futures, meanwhile, rallied much of the week.…
Natural Gas Futures Take Breather to Stall Strong Win Streak; Spot Prices Vary
Natural gas futures finished Friday on a low note yet capped a solid week overall that was built on fading production, LNG advances and sections of strong weather-driven demand. The June Nymex gas futures contract settled at $2.252/MMBtu on Friday, down 4.9 cents day/day but up from the prior week’s $2.142 close. NGI’s Spot Gas…
Natural Gas Futures Resume Rally Mode Amid Weaker Production, Narrower Storage Surplus
Natural gas futures flew higher Thursday, gaining ground for the fifth time in six sessions as production continued to slide and storage excesses gradually narrowed. At A Glance: EIA prints 79 Bcf Injection Output below 96 Bcf/d Summer weather nears Following a breather the prior session – a 2.0-cent dip – the June Nymex gas…
June Natural Gas Futures Take Flight Following Bullish EIA Storage Print
Utilities injected 79 Bcf of natural gas into storage for the week ended May 3, the U.S. Energy Information Administration (EIA) reported on Thursday. The result was nearly in line with historical norms but lower than the median of expectations. This added to upward momentum for Nymex natural gas futures. About 30 minutes ahead of…
Even as Production Falls, Natural Gas Futures Fail to Extend Rally a Fifth Session; Cash Prices Climb
Price bulls, galvanized by continued production drops, powered natural gas futures close to a fifth consecutive gain on Wednesday before they fizzled in afternoon trading amid profit-taking. The June Nymex gas futures contract ultimately settled at $2.187/MMBtu, down 2.0 cents day/day. At A Glance: Output slips close to 95 Bcf/d Weather to shift in bears’…
Production Cuts Sustain Natural Gas Futures Rally; Pipeline Maintenance Hammers Waha Cash Prices
Natural gas futures on Tuesday notched a fourth-straight day of gains – albeit barely – on maintenance-induced reductions to already lower production activity. At A Glance: Production hits May low Weather forecasts mixed LNG steadies above 12 Bcf/d Coming off a cumulative gain of more than 25 cents over the prior three sessions, the June…