Softening crude prices, regulatory uncertainty at issue.
While the rest of the NGL barrel (bbl) has experienced price depreciations related to the shoulder season and decreased values for West Texas Intermediate (WTI) crude oil, propane prices improved the first week of October based on seasonal and LPG export demand.
As Canada, Northeast struggle to handle increased supply, analyst sees good chance of success for much of region’s monumental petrochemical infrastructure plan.
NGL prices took a downturn as September came to a close.
NGL prices took a large downturn as they followed the downward trajectory of West Texas Intermediate (WTI) crude prices, which fell to their lowest levels in several years just above $80 per barrel (/bbl).
Despite limited demand and large supply levels, NGL prices have been holding firm.
Pipeline service provider T.D. Williamson (TDW) announced the completion of a pipeline reversal for a gulf coast operator.
S&P said that while the outlook for the midstream is stable, U.S. crude oil production growth is set to overtake demand and could cause problems unless exports are allowed.
Medallion Pipeline Company LLC, a subsidiary of Medallion Midstream LLC, successfully commenced operations of about 97 miles of its Midland Basin crude oil gathering and transportation system.
Key North American Hub Prices: October 17, 2014
Natural Gas Pipeline Co. of America LLC (NGPL) announced the beginning of a 30-day binding open season to solicit shipper interest in the possible expansion of its Gulf Coast mainline system.
Key North American Hub Prices: October 16, 2014
The U.S. Energy Information Administration (EIA) is expanding the State Heating Oil and Propane Program (SHOPP) for the winter heating season of 2014 to 2015.
The Marcellus and Utica shales represent an opportunity and not a guarantee for Pennsylvania, Ohio and West Virginia to remake their economies by rebuilding their manufacturing and petrochemical industries, but only if they work together.
Like peanut butter and jelly, the fortunes of oil and gas are inseparable. Expect slower NGL production growth unless crude can be exported.
North Dakota Gov. Jack Dalrymple and Badlands NGL’s LLC’s chairman CEO, William Jeffrey Gilliam, announced that a new polyethylene (PE) manufacturing facility will be built in North Dakota.
Prices in the global petrochemicals market kept falling in September.
LyondellBasell announced that it is considering a further expansion project at its Channelview, Texas, petrochemical plant.
Pennsylvania-based The Linde Group added a petrochemical plant business unit to its engineering division offices in Houston, Texas.