NGL prices follow as China’s troubles impact global economy.
The spread of the coronavirus, a warm winter and high inventories are depressing the prices of oil, gas and NGL.
Ethane, propane and natural gas continue to drop, dragged down by high inventories and warm winter weather.
NGL prices continue to slump, but the plunge in natural gas results in improved margins.
Natural gas, ethane and propane struggle with too much output and more to come.
Oil prices retreat after the Middle East tensions eased, but stronger fundamentals could emerge if trade initiatives succeed.
Last week’s dip was slight, but NGL haunted by ghost of December prices past.
High inventory will keep prices stable, says Greg Haas of Stratas Advisors; NGL prices struggle in the past week.
Hydrocarbon prices are improving, but at a slower rate than expected based on tailwinds.
Exports are also strong as normal butane chips away at the spread with isobutane.