ExxonMobil’s purchase of Jurong Aromatics plant will boost its output in Asia.
Domestic limits mean that the industry will have to pursue export markets.
Gulf Coast crackers will come online and increase demand, but prices won’t rise like many would like, Bernstein says in a new report.
CEO Jim Teague emphasized export markets during a talk to upstream executives.
Deal will fund capital plans, provide revenue stream for partnership.
As higher prices encourage more production of crude oil, Morgan Stanley experts see associated output of natural gas dragging down its price.
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.
Price of the NGL ‘barrel’ slinks to its lowest point since November.
NGL prices mostly hold steady in anticipation of increased demand.
NGL prices will stabilize, and then rise but not quite yet, CERAWeek panelists say.
IEA’s report predicts that rising global oil demand will outpace producer increases by 2022 unless investment increases sharply and soon.
NGL prices slump as doubt about OPEC’s production cut and a warm winter cast gloom.