Pentane-plus enjoys a bounce and ethane price gap narrows, but in general, NGL in summer funk.
Heat and low prices at the Alberta hub prompt a surge of Canadian natural gas imports into the U.S.
Ethane, propane prices falter as poor economics hamper exports to Asia.
Ethane prices bounce back, although the expected first export cargo from the Gulf Coast is delayed.
Despite infrastructure momentum, a significant ramp-up in NGL prices remains about three years away, East Daley analysts say.
The U.S. Chamber of Commerce said billions in revenues and thousands of jobs would be lost if a energy production on federal lands is banned.
Data issued by energy monitoring firm Genscape showed a drawdown of more than 313,000 barrels at the Cushing, Okla., delivery point for U.S. crude futures during the week to Aug. 23, Reuters reported.
The Dakota Access pipeline, being built by a group of firms led by Energy Transfer Partners, would be the first to bring Bakken Shale from North Dakota directly to refineries in the U.S. Gulf Coast.
The weekly data shows that gasoline stocks in the U.S. Gulf Coast reached a seasonal high not seen since 2013, which could reflect decreased activity due to weaker demand.
Key North American Hub Prices: Aug. 26, 2016
California explores LNG option as it seeks to limit natural gas use but maintain power generation level.
Phillips 66 Partners To Buy S. Louisiana NGL Logistics Assets
Saudi Arabia is building a number of gas plants to meet rising domestic gas demand, Reuters reported.
SABIC signed its first deal for U.S. shale gas last year for use at its Teesside petrochemical plant in the U.K., Reuters reported.
Brown will oversee the company’s global business development functions across the Houston company's business segments. He brings more than 25 years of energy banking experience to this new role, according to the release.