Ethane Margins Finally Turned Positive In January
Ethane frac spread margins experienced a large turnaround in January as they turned positive at both Conway and Mont Belvieu for the first time in months.
Propane Prices Increase As Storage Levels Drop
A downturn in crude oil prices the week of February 13, which caused the price to drop below $95 per barrel (/bbl.), saw heavy natural gas liquids (NGL) prices to fall in the latter stages of the week.
Conway NGL Prices Fall As Market Rebalances
Conway natural gas liquid (NGL) prices took a major downturn last week as the market seemed to balance out after being somewhat short on C5+ and ethane the previous week.
Ethane Margins Remain Positive
Ethane margins remained positive last week despite an increase in natural gas prices.
Ethane Margins Turn Positive At Both Hubs For The First Time In 2013
There were strong improvements in both natural gas liquid (NGL) and crude oil prices as a result of a series of tailwinds. These prices caused ethane margins to turn positive at both Conway and Mont Belvieu for the first time in 2013.
Despite Late Surge In 2012, Ethane Struggles To Continue
The final month of 2012 saw ethane gain some steam at both Mont Belvieu and Conway, though prices and margins were still depressed from their levels in the prior year.
Extreme Cold Temperatures Result In Heating Demand Surge
It’s better late than never for winter weather to show up as the Northeast has been hit by extremely cold weather to start 2013, which has caused a large increase in heating demand.
Mont Belvieu Ethane Margins Expected To Struggle For Next Five Months
After gaining some strength at the start of 2013, Mont Belvieu ethane margins once again turned negative last week following strong increases in natural gas prices due to increased heating demand.
Butane Falls 12% At Conway
Mont Belvieu natural gas liquids (NGL) prices regained their standing above Conway NGL values the second week of January despite an overall decrease in prices at the hub.
Despite Rough 2012, Future Bright For Natural Gas In 2013
Natural gas liquids (NGL) prices started 2012 in a bit of a tailspin and this situation, for the most part, deteriorated further as the year progressed.