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 are in a stronger position compared to where they were during last year’s Super Bowl.
Higher demand remains a long-term certainty despite the volatile near-term NGL market.
What’s going to happen? Midstream executives try to set realistic spending plans for an uncertain year.
Matador’s JV with a private company far exceeds analyst estimates, who considered the midstream infrastructure worth $250 million or so.
MPLX is an MLP formed in 2012 by Marathon Petroleum Corp. (NYSE: MPC), according to its website. In 2015, it bought MarkWest Energy Partners, a deal that made it the fourth-largest MLP by market value in the U.S., Reuters reported.
A second consecutive massive build in U.S. crude stockpiles on Feb. 15 left the market relatively unimpressed, as the market awaited further evidence that OPEC cuts were in effect.
Key North American Natural Gas Hub Prices: Feb. 17, 2017
Speculative traders trying to gauge OPEC’s commitment to production cuts could leave the markets bruised.
Key North American Natural Gas Hub Prices: Feb. 16, 2017
North American petrochem manufacturing is in the midst of a boom, thanks to the abundance of low-cost feedstocks produced from the shale plays. This is all good for Appalachian NGL producers.
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.
The terminal's combined distillate storage capacity—just over 1 million barrels—was exclusively leased by Sprague beginning in May 2014.