Speculative traders trying to gauge OPEC’s commitment to production cuts could leave the markets bruised.
The long-term outlook for NGL is bright, even with last week’s declines.
Short-term NGL price jolts are ephemeral, but long-term plans carry risk as well.
Japan's LNG prices have bounce back by 50% since May 2016l
NGL prices slump as doubt about OPEC’s production cut and a warm winter cast gloom.
NGL are in a stronger position compared to where they were during last year’s Super Bowl.
Refiners have been using trucks to replenish oil supplies after Plains All American Pipeline took its Wahsatch pipeline down last week as a precaution after monitoring equipment detected an anomaly.
Pony Express Pipeline Will Connect To Holly Frontier Refinery
OPEC has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months as the UAE and Iraq pledge to catch up quickly with their targets.
Oil prices fell Feb. 24 after U.S. crude inventories rose for a seventh week, showing that the market is still struggling to ease oversupply despite many producers' efforts to rein in production.
Key North American Hub Prices: Feb. 24, 2017
Carlin Conner is president and CEO of SemGroup Corp.
The pipeline will provide producers and processors with a 'much-needed outlet for the rapidly growing natural gas volumes in the Delaware Basin,' CEO Christer Rundlof said.
Key North American Hub Prices: Feb. 23, 2017
Energy Transfer To Construct Fifth Fractionation Facility At Mont Belvieu
Western Canada’s big unconventional play has its merits and its challenges. Improving midstream infrastructure will help producers tap its riches.
North America is driving growth for worldwide NGL.
BW Maple, with a total capacity of 82,000 cubic meters of LPG, was half-full when it collided near Chennai, India, with the Indian ship Dawn Kanchipuram on Jan. 28, Reuters reported.
Mozambique, which has vast offshore gas resources, awarded gas development projects to Norway's Yara International, Shell Mozambique and GL Energy Africa, the National Petroleum Institute (NPI) said on Jan. 30.
Weather conditions, including high winds and blowing snow, are impacting cleanup efforts, the Iowa Department of Natural Resources said in an emailed statement, Reuters reported.