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).
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.
Despite limited demand and large supply levels, NGL prices have been holding firm.
Reports give insight into current low crude prices.
Phillips 66 Partners agreed to acquire two newly constructed crude oil rail-unloading facilities and certain assets associated with the Cross-Channel Connector Pipeline from Phillips 66.
JBBR Pipeline LLC announced the commencement of a binding open season to solicit long-term volume commitments from customers for interstate common carrier transport service on a new crude oil pipeline system.
Magellan Midstream Partners LP extended the open season for commitments on its proposed Saddlehorn Pipeline.
Key North American Hub Prices: October 23, 2014
EnLink Midstream LLC dropped down its equity interests in E2 Appalachian Compression LLC and E2 Energy Services LLC to EnLink Midstream Partners LP.
Key North American Hub Prices: October 22, 2014
Key North American Hub Prices: October 21, 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.