NGL like ethane and propane continue falling as inventories continue to rise.
NGL wings are clipped by low domestic demand and insufficient exports.
Ethane and butane are rocked, while crude oil stumbles due to global uncertainty.
Exports are insufficient so far to keep propane inventories manageable, but as the price continues to drop, that could change.
With three Energy Transfer pipelines in limbo in Pennsylvania, ethane bound for Marcus Hook has been redirected to Houston.
Surpluses are building for ethane and propane, with export options to China stymied.
Reduced imports of crude lead to an EIA report that rattles the market.
Prices are up for all NGL except ethane at both hubs.
Propane leads the dive among all NGL, as prices drop and margins tighten.
The price is up as Mariner East 1 is cut off from Marcus Hook, but can it be sustained?