Geopolitical concerns and recent data would likely drive up the price of oil, but traders are rattled by concerns that a trade war will unhinge the global economy.
With high inventories and limited export possibilities, NGL prices drop and margins are squeezed.
Oil bucks the NGL price trend as geopolitical tensions unnerve traders.
As traders study the U.S.-China trade tiff, the oil price rise is tepid and NGL prices plummet.
Conflicts in producing nations Venezuela and Iran are countered by rising inventories in the U.S.
Weak natural gas price results in expanded margins even as most NGL prices move little.
Speakers at DUG Permian stress how connecting the mighty basin to the Gulf Coast is a path to profitability.
NGL like ethane and propane continue falling as inventories continue to rise.
NGL wings are clipped by low domestic demand and insufficient exports.
Ethane and butane are rocked, while crude oil stumbles due to global uncertainty.