Frac Spread: How The Virus Has Hurt Oil, Gas Prices

摘要

How long the coronavirus will maintain its stranglehold on the global economy in general and the oil and gas industry specifically is unclear. At the moment, though, its grip is tight, as evidenced by 12-month-low prices for crude oil and natural gas, and the 24-week low of last week’s Mont Belvieu, Texas, hypothetical NGL barrel.