Price of the NGL ‘barrel’ slinks to its lowest point since November.
Stratas Advisors reconsiders its bearish outlook for OPEC’s production cut compliance.
If nothing else, recent trading days have reflected a psychologically fragile oil market.
NGL prices mostly hold steady in anticipation of increased demand.
NGL prices will stabilize, and then rise but not quite yet, CERAWeek panelists say.
U.S. natural gas inventories rise during the last week of February for the first time ever.
The reduction by the UAE has helped boost OPEC compliance this month with its production-cutting deal to 95%, up from an initial February estimate of 94% and a record high, according to Reuters surveys.
Crude oil inventories rose by 867,000 barrels in the week ending March 24, compared with analysts' expectations for an increase of 1.4 million barrels, the EIA said.
Russia and Iran have pledged to continue efforts to rein in oil production and stabilize markets, the presidents of both countries said in a joint statement on March 28.
But crude was weighed down by a resurgence in U.S. shale oil production and the expectation that inventories would once again build, illustrating the global supply overhang that has depressed prices for three years.
Natural gas prices rise at hubs across the continent.
Local authorities had sought to move landfall of natural gas line from Azerbaijan.
Even with land prices shooting straight up, the Permian Basin still can make economic sense, says an RS Energy Group analyst.
Second terminal on Baltic Sea presented as an alternative to a planned pipeline to Norway.
The Nederland terminal on the Sabine-Neches waterway between Beaumont and Port Arthur, Texas, provides area customers with about 26 million barrels (MMbbl) of crude and 1 MMbbl of NGL aggregate storage capacity.
With the Dakota Access Pipeline coming online there’s plenty of capacity for takeaway from the Bakken and D-J; just mind the message you’re sending, one analyst said.
New ethane cracking capacity will provide one answer to the gas liquids demand question.
The new venture plans to build a 1 million tonne per year ethane steam cracker in Port Arthur, Texas, and is considering building a 625,000 tonnes per year polyethylene unit at Total's Bayport site.
Energy Transfer To Construct Fifth Fractionation Facility At Mont Belvieu
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.