This year has been forgettable when it comes to oil, gas and NGL prices, but how much better can 2016 get?
Commodity prices were generally down this week, but there was some light peeking through the darkness.
The headwinds facing natural gas prices have been known for months, but they came to a head this past week with the mild temperatures with the likelihood that storage levels will continue to build much later than normal.
Limited heating demand is proving to be a major headwind for gas and liquids prices, while uncertainty remains in the crude market.
After a month of improvements, the growth of NGL prices slowed as prices took a downturn.
The upcoming El Niño season will further complicate the muddied outlook for prices and heating demand.
Headwinds forced propane prices back down, but some analysts suggest the market could work off inventories sooner than expected.
Improved NGL prices provide some hope for the market, but the outlook for crude remains challenging.
Though NGL prices won’t be rebounding in the near-term, there was some welcome news to be found in the propane market.
Fundamental improvements in the crude market are helping the market reach a bottom.
NGL customers are buying early to take advantage of attractive prices.
Crude prices improved along with the stock market, but fears still remain heading into the shoulder season.