Commodity prices continue their summer slump, but fall and winter should provide modest upticks.
The NGL barrel has lost more than half of its value in the past year. However, prices may have reached their floor.
The prospect of Iranian crude reaching global markets further dampens an oversupplied market, but long-term prospects remain solid.
Decreased WTI prices push heavy NGL prices down after experiencing a bump the previous week.
NGL prices went through their roughest patch since 2008, but questions still remain over whether the market’s recovery has begun or not.
Crude prices remained flat at $60/bbl, while NGL prices continue to sag. This decoupling is expected to return as the norm going forward.
Challenges in the propane market continue to present themselves as prices stay at 13-year low.
Despite improved crude and gas prices, NGL prices continue to drop as an oversupplied market is weighing heavily on profits.
Frac spread margins improved even with flat NGL prices as decreased natural gas prices improved economics at both hubs.
Despite increased export demand, large inventory builds are pushing propane prices to their lowest levels in 13 years.
As natural gas prices hit their highest levels in months, NGL prices and margins have failed to keep pace.
Crude and gas fundamentals are improving along with prices, but the NGL market remains flat with severe supply overhangs.