The ethane spread between Conway and Mont Belvieu has narrowed dramatically since the summer.
Several companies in the sector play crucial roles as the midstream grows to handle greater sales abroad.
It’s beginning to look a lot like a tight natural market everywhere you analyze, says Stratas Advisors.
Higher gas prices, narrower NGL margins and an ethane market on track for a spike decorate the outlook.
Stratas Advisors expects the EIA to report the first sub-normal natural gas storage withdrawal of the winter.
Soaring natural gas prices outpace increases in NGL; crude’s decline is linked to trader worries about an economic slowdown.
Natural gas prices ramp up as NGL prices slide.
Is it any wonder that gas prices have rocketed as wintry weather blankets consumers as early as the second week of November?