Mont Belvieu, Texas, butane tumbled 6.7% last week to a 34-month price low, and was joined by isobutane, which hit its lowest point since September 2016.

The hypothetical NGL barrel at Mont Belvieu reflected the slump by declining to a point not seen since Independence Day 2017. With the exception of C5+, margins narrowed across the board.

Normal butane is off 33% since peaking for the year at a little over 85 cents per gallon (gal) in mid-February. It is down 43% compared to the same week in 2018, and its price on May 21 was 37.5% of West Texas Intermediate (WTI) crude oil.

To read the full story

Select an option below:

Tap into unmatched coverage of the oil and gas industry’s entire landscape.

Get Access See more offers

Already have an account?

Sign In

Looking for Newsletters?

Manage preferences