As new infrastructure increases demand, liquids production has doubled so far this decade.
Geopolitical events and increased U.S. exports are starting to put upward pressure on crude oil.
Ethane clears 30-cent hurdle for the first time in over four years but rest of NGL remain static.
January-to-May comparison with 2017 shows healthy growth in prices and margins.
Hypothetical ‘barrel’ sets another high for the year but most NGL prices scuffle.
Isobutane led the charge with an 18% hike, but ethane continued to struggle.
Conway’s price crashes while Mont Belvieu’s outlook looks shaky with few export options.
An imploding OPEC member, Venezuela, is barely noticed among the geopolitical stresses on the oil and gas markets.
Propane and isobutane make strides but ethane could be on the verge of the wobble zone.
Natural gasoline is at 41-month highs and propane is looking strong, but ethane could soon experience some downstream demand bottlenecks.