Butanes Ignite NGL Price Rally To Two-Year High

摘要

The hypothetical NGL barrel, riding a burst from the butanes, broke through $25 per barrel (bbl) at both hubs monitored by Hart Energy this week, reaching a level not seen in two years. The Mont Belvieu, Texas, hub price reached $25.73/bbl, up 13.1% over the average cited during the week of Nov. 28. At the Conway, Kan., hub, the price rose 11.4% to $25.12/bbl. Butane increased 16% at Mont Belvieu and 13% at Conway, while isobutane was up 20.4% at Mont Belvieu and 11.1% at Conway. Spreads were dramatic, too. Butane’s margin widened by 11.4% and isobutane’s by 19% at Mont Belvieu.