Ethane takes another hit, but the NGL ‘barrel’ rises to its level in August.
But ethane’s rally belies its fundamental price weakness, say analysts.
Heavy NGLs outperformed expectations, but ethane prices remain challenged due to disruptions along the Gulf Coast.
High inventories constrain prices after brief jolt, but petrochemical producers could find opportunities in Asian markets.
With oilfields shown to be vulnerable and foes unwilling to compromise, an escalation of the regional conflict is likely, says an analyst.
NGL ‘barrel’ rises above $20 and margins show strength.
Prices and margins improve across the NGL spectrum.
Higher NGL prices combined with slumping natural gas prices to producer expanded margins.
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.