Mont Belvieu and Conway NGL prices continued to approach parity in several cases the third week of May.

However, natural gas prices were able to grow in the month as there was sufficient cooling demand in the early part of April to help prices trend up.

“New supplies will add depth and stability to global market,” the country’s minister of petroleum and mineral resources said.

Energy commodity prices dipped this week as consumer demand remains down during the shoulder season. Natural gas prices experienced very large price decreases with NGL prices falling at a slower rate at both hubs the first week of May.

Natural gas liquids (NGL) prices were up across the board at both hubs the final week of April. These increases improved frac spread margins at both Conway and Mont Belvieu.

Natural gas prices continued to grow the week of April 17 as cooling demand remained solid and gas-directed drilling is still well behind liquids production.

The improved prices for natural gas liquids (NGL) experienced throughout much of early 2013 provided producers and operators with an incentive to increase production, which has started to overwhelm the market once again.

The month of March was very good for natural gas producers, public utilities and pipeline operators, but it saw a downturn in heavy natural gas liquid (NGL) prices

Finally, it got cold enough for long enough: U.S. natural gas prices gained ground after a chilly March ate into billions of cubic feet of gas.

In the early part of spring, many Northeast residents went from heating their homes to cooling them at a similar usage level.

‘The dynamics for oil are following exactly the same playbook as natural gas,’ economist says.

The winter of 2012-2013 arrived late, but had a long-lasting effect as high heating demand has helped support propane and natural gas prices and drive storage levels below the five-year average for the first time in several years.

The price for Gulf Coast crude oil is destined to fall as did natural gas and gas liquids prices previously, says David Pursell, managing director, head of securities for Tudor, Pickering, Holt & Co.

Light natural gas liquids (NGL) prices continued to gain strength as the spring approaches with supply-and-demand levels reaching equilibrium thanks to heating demand, increased fractionation and liquefied petroleum gas (LPG) export capacity.

Colder-than-normal temperatures in the Northeast and Midwest continued to support natural gas and propane prices the week of March 13, as heating demand remained very high.