As prices drop in Asia, LNG exporters are once again attracted to European markets.
Mizuho expects rising demand from petrochemical plants to bolster ethane.
Law firm partners see Trump’s protectionist sound bites as potential threat.
Strong crude prices and rising demand push NGL ‘barrel’ to 25-month highs.
During the Obama years, NGL prices recovered from the Great Recession.
2016 NGL prices, led by butane, soar in December to match the previous year’s averages.
Rising NGL prices can’t keep up with commodities, resulting in narrower profit margins.
While Es Sider, Ras Lanuf and the port of Zueitina had been blockaded, Brega remained open with reduced capacity, Reuters reported.
The IEA said the oil market would continue to tighten, stabilizing prices and depleting stocks, if OPEC and fellow oil producers were able to produce close to their promised limits.
Reuters reported that on Jan. 16 and 17, 16 people were arrested for a number of offenses, including engaging in a riot and assault on a peace officer, bringing the total number of arrests to 603 since Aug. 10.
The Bovanenkovo-Ukhta 2 gas pipeline, which has the capacity to pump 263 million cubic meters per day, will feed supplies into export routes to northern Europe, Reuters said.
The combined $1.8 billion investments will provide additional outlets to transport domestic, clean burning natural gas from the Marcellus and Utica production areas to higher-value Midwest and Gulf Coast markets.
The Bureau of Safety and Environmental Enforcement (BSEE) and the U.S. Coast Guard are responding to a release of gas and condensate from a pipeline at West Cameron 165 in the Gulf of Mexico.
Key North American Hub Prices: Jan. 19, 2017
North Dakota's oil production will likely fall below 1 million barrels per day (MMbbl/d) by the end of January due to harsh winter weather and low oil prices, state regulators said on Jan. 13.
Former ExxonMobil CEO provided hints to the direction U.S. foreign policy will take during his Senate confirmation hearing.
Polyethylene is a plastic used in many products, from food packaging and containers to automotive components. Ethane, a natural gas liquid, is the U.S. chemical industry's main feedstock.
The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) said on Jan. 13 it has passed a rule to boost safety requirements on the country's oil and refined products pipelines.
China's crude oil imports jumped to a record high in December as refiners stepped up purchases ahead of a possible OPEC deal to cut supply and bolster prices, and as more independent refiners won import permits, Reuters reported.
Crude inventories rose 4.1 MMbbl in the week to Jan. 6, the EIA said, higher than analyst expectations for a 1.2-MMbbl build.