Light NGL Prices Increase Despite Crude Downturn

摘要

Despite a downturn in crude oil prices, natural gas liquids (NGLs) prices showed improvements at both Mont Belvieu and Conway the first week of October as the markets rebalanced after taking a downturn the prior week. The biggest improvement was for Conway ethane, which rose 15% following the announcement by the Energy Information Administration (EIA) that ethane inventories decreased by 1.3 million barrels (bbls.) in September. The bad news is that Conway E-P mix remains distressed at a price of just 18￠ per gallon (/gal) and a negative frac spread margin.