NGL prices follow as China’s troubles impact global economy.
The spread of the coronavirus, a warm winter and high inventories are depressing the prices of oil, gas and NGL.
Ethane, propane and natural gas continue to drop, dragged down by high inventories and warm winter weather.
NGL prices continue to slump, but the plunge in natural gas results in improved margins.
Natural gas, ethane and propane struggle with too much output and more to come.
Oil prices retreat after the Middle East tensions eased, but stronger fundamentals could emerge if trade initiatives succeed.
Drillers in pursuit of more-valued oil and NGL have created a glut of gas, despite higher exports of LNG.
Macro trends show NGL production growth slowing down, allowing higher U.S. LPG exports in the year ahead.
Last week’s dip was slight, but NGL haunted by ghost of December prices past.
Despite substantial growth by the ranked companies, there wasn’t much movement in our annual rankings, with the top spots retained by MPLX and Energy Transfer.