Conway NGL Barrel Price Surpasses Mont Belvieu
The final two weeks 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.
Prices, Margins Remain Weak
Natural gas and natural gas liquids prices continued to struggle as 2012 drew to a close with ethane maintaining negative margins at both Mont Belvieu and Conway.
Mont Belvieu Ethane Margins Turn Negative
Ethane margins officially turned negative at Mont Belvieu last week, which means that both major natural gas liquid (NGL) hubs in North America are officially rejecting the product.
Lower Gas Prices Help Frac Spread Margins Improve
Frac spread margins for natural gas liquids (NGLs) improved across the board the first week of December as natural gas prices fell while NGL prices were largely stable.
NGL Prices, Margins Down In November
November was not a good month for natural gas liquid (NGL) prices and frac spread margins and it is likely that both will struggle for the final month of 2012 and in early 2013.
Heavy NGL Prices Remain Solid, But Light NGL Prices Continue To Plunge
Macro-economic woes, including the looming “fiscal cliff” in the U.S. and concerns over the security of Middle Eastern oil supplies, are keeping U.S. energy prices at a stagnant level as 2012 draws to a close.
Ethane Margins Experienced Heavy Losses In October
Ethane was the lone natural gas liquid (NGL) to experience a price downturn throughout the month of October as the market remained overextended due to the fact that three ethane crackers were offline in the Gulf Coast during the month.
Prices Down Amid Fears Of Going Over ‘Fiscal Cliff’
Fears that the U.S. may go over the “fiscal cliff” in 2013 saw markets take a nosedive the second week of November.
NGL, Gas Prices Hold Firm As Heating Demand Increases
Both natural gas and natural gas liquids (NGL) prices stayed level the first week of November. Gas prices remained strong at nearly $3.50 per million Btu (/MMBtu) at both Conway and Mont Belvieu.
NGL Prices Largely Unaffected By Storm
The effect of Hurricane Sandy on natural gas liquids (NGL) prices was negligible as the storm had minor effects on the petrochemical markets.