Frac Spread: Energy Prices Could Be Worse … And Probably Will Be
Fears of a global economic slowdown and continued storage increases have spooked traders.
Joseph
Markman
HartEnergy.com
(Source: Shutterstock, HartEnergy.com)
The ethane price at Mont Belvieu, Texas, jumped 12.4% in the last week and the hypothetical NGL barrel was up almost 3%, with margins improving for both.
Of course, ethane’s price was still the second-lowest since 2005 and the barrel’s was the third-lowest year-to-date, but a rally is a rally. Enjoy the moment.