Stratas Advisors expects coming winter demand and exports to prop up natural gas and NGL price recoveries as well as production.
Expected lower temperatures than last winter will push up costs for households in the Midwest and Northeast, despite high natural gas storage levels.
Natural gas resurgence buoys NGL prices as ethane rides 34% rally in recent weeks.
Best NGL “barrel” price in 17 months at Mont Belvieu is driven by rallies in ethane, isobutane and pentanes-plus.
Rising natural gas prices lift NGL, especially ethane, to levels not seen since late 2014.
Price of the hypothetical NGL barrel nears a high for the year, but export challenges and a surplus of supply raise doubts over whether it can be sustained.
The Seaway spill comes after a Sunoco Logistics Partners LP pipeline spill on Oct. 21, which released about 1,300 bbl in the vicinity of the Susquehanna River in Lycoming County, Pa., Reuters said.
The transaction is subject to customary closing conditions including antitrust approval, and is scheduled to close before year-end 2016.
A modest recovery in 2017 is projected for most commodities, including metals and agricultural prices, as demand strengthens and supplies tighten, the bank said, Reuters reported.
Delays hinder DAPL and other pipeline projects nationwide as anti-fossil fuel movement adapts strategy to local terrains.
Incorporating modular and automation design into plants can help gas processors respond to current midstream challenges.
Key North American Hub Prices: Oct. 21, 2016
Key North American Hub Prices: Oct. 20, 2016
Tillerson said that shale oil producers' resilience in cutting costs to make some wells profitable at low oil prices means that North America has effectively become a swing producer.
Open Season For Shell’s Ethane Pipeline In Northeast
In the physical markets, four cash deals were reported in the Platts window totaling 80,000 tonnes of the 380-cst fuel oil with PetroChina eager to lift prompt cargoes, sources said, according to Reuters.
Headquartered in Dallas, HollyFrontier operates five refineries with 443,000 barrels per day of total throughput capacity, Reuters reported.
Irving Oil's other projects in Nova Scotia includie the annual turnaround and construction of a new home office in Saint John, New Brunswick, and an enhanced marine terminal in St. John's, Newfoundland.
The deal, the largest so-called "dropdown" from Phillips 66 to the unit, includes assets supporting the company's refineries in New Jersey, Montana, Texas and Oklahoma.