Cold weather and inventory draws spur fluctuations in natural gas prices.
Rob Dutton, the head of Canadian operations for Devon, is optimistic about the oil sands outlook, despite the long wait for several pipeline projects to move forward.
Propane’s prices drop again, but lower inventory and better export arbitrages will likely send it higher in early 2018.
Crude oil exports alone may increase to 4 MMbbl/d by 2022, according to recent remarks by Enterprise Products Partners LP, as the world demands more light sweet crude.
The price of ethane rises to nearly its highest level for the year as NGL margins continue to widen.
Rangeland Energy left its Bakken Shale operations behind to focus on the Delaware Basin, Western Canada and the Port of Corpus Christi.
Highest prices since mid-April from ethane and propane propel NGL prices.
Fundamentals buoy oil prices, with propane potentially set for a huge price lift.