An industry veteran says current commodity price shocks and the new coronavirus pandemic may change the fundamentals of the oil and gas sector.
The Thai chemical company said it chose the Ohio site for the proposed ethane cracker because it is located in the Marcellus and Utica shale region, the biggest U.S. natural gas shale formation.
Institute questions whether facility will deliver the promised economic impact.
MPLX LP said May 5 it is no longer pursuing a Permian Basin to Gulf Coast NGL pipeline, called BANGL, after a collapse in oil prices.
The gloomy forecast will falter if COVID-19 passes quickly and the global economy recovers its appetite for hydrocarbons.
NGL price collapse deprives oil and gas producers who leaned on associated liquids when crude struggled.
Aftershocks of Market Meltdown Monday continue, with collapsing oil prices dragging down NGL and complicating export markets.
Hypothetical barrel tumbles to four-year low with tightly squeezed margins.
Volatile global crude markets weigh down the rest of oil and gas commodities.
As COVID-19 spreads, NGL exports are diverted and warnings sting already-weak prices.