Frac Spread: Priciest NGL Since Valentine’s Day Means Summer Of Love

Source: — Thursday, August 10, 2017
The hypothetical NGL barrel, fueled by a continuing rally in the price of propane, reached its highest level in almost six months in the past week. The barrel cracked $27 for the first time since February at Mont Belvieu, Texas, and continued to rise at Conway, Kan., as well. Mont Belvieu’s price was 42.7% higher than the price at this time in 2016 and Conway’s price was 52.4% higher. The buoyancy in propane prices is tied to increasing exports as inventories continue to lag below five-year averages. At Mont Belvieu, propane was up 28.7% since late June. At Conway, the increase was 30.4% in that time period. …

from Valentine
via Warrington

from Blogger
via Telephone Engineer Warrington


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