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A slew of issues, including high inventories, sluggish exports and delays in cracker startups, dog NGL and push ‘barrels’ to early-2016 levels.
The Mont Belvieu NGL ‘barrel’ joins global crude oil, the stock markets and the Chinese and German economies on a bad news binge.
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.
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