NGLs
Mont Belvieu, Conway, ethane rejection and export capacity.
NGLs Price and Fundamentals
Natural gas liquids (NGLs) are distinct markets, but their prices inherit volatility from, and are influenced by, natural gas, crude oil, and petrochemical markets.
· Narciso Cano28 min read
Propane Lifted by Crude Surge While Fundamentals Remain Weak
Since the start of the US-Iran conflict, propane prices have benefited from the sharp rally in crude oil. Prior to the conflict, domestic propane fundament...
· Narciso Cano2 min read
Hedging NGLs Is Often Overlooked by Oil and Natural Gas Producers, But Should It Be?
Producers that do not hedge NGLs are overlooking a material source of risk to revenue, especially in oil and rich-gas plays where NGL contributions can be significant. In oil-focused plays, AEGIS data show NGLs can generate up to three times more revenue than natural gas.
· Ryan Alexander7 min read
Propane Prices Firm on Colder Weather, Despite a Loose Market
Propane prices strengthened in early December even though the underlying market remains well supplied. After trading in the lower $0.60/gal range through m...
· Narciso Cano2 min read
Propane Fundamentals Have Upside, But Oil Likely to Drag Down Propane Prices
The combination of new LPG export capacity and slower supply growth could tighten propane fundamentals over the next two years. However, the outlook for oi...
· Jay Stevens2 min read
Ethane Prices Slip After US Export Cargo Denial
Mont Belvieu ethane prices plunged on Wednesday, June 4, after the US government notified Enterprise Product Partners that they would be denied permission to export three ethane cargoes to China.
· Jay Stevens3 min read
How to Hedge Oil and Gas When Prices Are Low
Don’t lock in a loss, but hedge to a realistic budget price. Prepare to act when prices strengthen because of short-term headlines. Keep as much ...
· Ryan Alexander3 min read
Propane Prices Face a Tough 2024
Propane prices may see additional pressure in 2024, even after a disappointing 2023 for producers. Robust supply, stagnant export capacity, and already-ele...
· Jay Stevens3 min read
Propane Is Weak, But Crude Oil Could Provide Lift
Propane prices weakened in the second half of September on the back of declining crude oil prices. Propane’s supply and demand dynamics remain weak, ...
· Jay Stevens3 min read
Hedge Ethane To Capture Premium To Natural Gas
Price strength has opened an opportunity to hedge ethane (July 2023). If you have exposure to ethane and gas, opt to hedge ethane. Ethane is currently pri...
· Jay Stevens3 min read
Propane Prices Hit Highest Seasonal Level Since 2014
Strong domestic demand, low domestic inventories, and high exports have helped fuel a rally in propane prices. Prices have doubled from where they were dur...
· Nick Hillman3 min read
Propane Prices Stumble In April
Prompt-month propane price has fallen from its highest level since late 2018. Mt. Belvieu propane gave up 14 c/gal between April 5 and April 15, marking th...
· AEGIS Market Analytics2 min read
Propane's Improving Outlook: Large Rally in Prices From Step Change in Export Demand
Producers can lock in the strength in propane prices but should stick to the front of the curve.Propane prices haven't suffered the warm-winter blues…
· AEGIS Market Analytics3 min read
Pentane Reaches 10-Month High
Pentane (traded as "natural gasoline") prices have risen to over $1.00/Bbl for the first time since February. Propane, butane, and pentane have all appreciated with the rise in crude oil.
· AEGIS Market Analytics1 min read