Spot Gas Prices Soar While Conway Ethane Continues To Crash
The Polar Vortex that hit much of the Lower 48 states the first full week of 2014 caused an incredible spike in natural gas spot prices with some markets such as the city of New York ramping up to $70 per million Btu.
Heavy NGLs Make Strong Price Gains To Close 2013
The final two weeks of 2013 saw butane and isobutane prices return to strength after they had fallen behind a surge in propane value at both Conway and Mont Belvieu in mid-December.
Propane Now Second Most Profitable NGL
As 2013 comes to close, light natural gas liquid (NGL) prices are making large strides with propane fast becoming one of the most profitable components in the NGL barrel.
Propane Posting Large Gains
The one big positive for NGLs last week was the sharp price increase for propane at both hubs as demand from multiple markets soared to their highest prices in 2013. Liquefied petroleum gas export demand triggered the increase.
Ethane Margins Remain Challenged Despite Price Increase
Heavy NGL prices showed the greatest movements — both positive and negative — of any NGLs as November ended with light NGL prices largely flat.
Conway E-P Market Continues To Lack Volatility
The E-P mix continues to struggle at Conway as rejection levels are increasing at a rapid pace in the Midcontinent. Thus there has been very low volatility at the hub and the price was the lowest at the hub this year
Natural Gas, Propane Markets Heat Up
Heating demand should remain strong this week according to the National Weather Service forecast, which anticipates colder-than-normal temperatures in much of the Northeast and Midwest.
NGL Prices Fail To Heat Up As Temperatures Rise
Natural gas prices nosedived this week as temperatures were much warmer than normal in the Northeast and other parts of the country, which greatly reduced heating demand.
Crude Downturn Causes NGL Prices To Fall
Heavy NGL prices followed crude prices in a downward trend this week with only propane showing any positives in terms of prices or margin.