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 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.
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.
Key North American Hub Prices: Oct. 20, 2016
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.
Open Season For Shell’s Ethane Pipeline In Northeast
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.
The Southeast U.S. is expected to be hit with fuel shortages in the aftermath of Hurricane Matthew, as the storm barrels toward one of the largest energy-consuming regions in the country.
Asian refiners are seeking new sources as Middle East condensate supply tightens and as they start to prefer more heavy sour crude, or thicker oil with a high amount of sulfur, Reuters reported.