Conway’s price draws almost even to Mont Belvieu as demand for home heating competes with grain drying.
Despite its recent rally, propane’s price is well below last year’s as the giant play fills up storage on the Gulf Coast.
NGL prices static as commodity traders remain unimpressed with progress on China trade deal.
Ethane takes another hit, but the NGL ‘barrel’ rises to its level in August.
But ethane’s rally belies its fundamental price weakness, say analysts.
Heavy NGLs outperformed expectations, but ethane prices remain challenged due to disruptions along the Gulf Coast.
High inventories constrain prices after brief jolt, but petrochemical producers could find opportunities in Asian markets.
With oilfields shown to be vulnerable and foes unwilling to compromise, an escalation of the regional conflict is likely, says an analyst.
NGL ‘barrel’ rises above $20 and margins show strength.
Prices and margins improve across the NGL spectrum.