Fears of a global economic slowdown and continued storage increases have spooked traders.
Ethane tumbles to another record low; the Fed tries to defend against global economic weakness.
Ethane’s Mont Belvieu margin emerges from negative territory.
Margins mostly improve but ethane’s remains in negative territory.
Ethane falls to the lowest point since Hart Energy began tracking price; oil jumps as Tropical Storm Barry approaches the Louisiana coast.
Factors that push up prices are countered by those that pull them down.
Mont Belvieu price sags to a 40-month low as NGL slump continues.
Butane’s free-fall drops it to the lowest point since Hart Energy began tracking NGL prices.
The United States may now be the world's biggest crude producer, but the oil being produced in its prolific Permian basin is increasingly too light in density for domestic refiners or for exports, eroding prices for these orphan barrels.
Brent prices are expected to continue to struggle in the near-term before improving in the second-half of the year.