Ethane markets are improving, but butane is still most preferred feedstock.
The recent Siberian blast sent natural gas prices surging upward at Transco and Algonquin Citygate hubs, but overall prices were relatively flat.
Though ethane margins turned negative, the theoretical NGL barrel price reached its highest level of the year.
For the first time in 2015, C5+ prices pushed past the $1/gal threshold.
NGL prices fell almost across the board last week, with propane prices standing out as the only bright spot.
For the first time in more than a year ethane can claim a positive margin at both Mont Belvieu and Conway.
While not a cause for celebration, NGL, natural gas and crude oil prices holding firm the week of Jan. 7 provided some needed relief to the marketplace as producers are hopeful that the pricing floor was finally met.
Jack Frost is playing his part this winter, but so far gas and liquids prices have yet to take off like last year.
As 2014 drew to a close, NGL prices experienced positives for the first time in more than a month.
It’s beginning to sound like a song stuck on repeat, but natural gas and NGL prices continued to tumble the week of Dec. 10 as they followed the downward trajectory of crude oil prices.
As hydrocarbon prices crash, NGL prices are trying to find their floor value.
Crude, NGL and gas prices are exected to experience headwinds for the foreseeable future.