Gains in WTI, robust petrochemical demand add strength to US NGLs
Oil Markets · S&P Global Energy
January 14, 202115m 21s
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Show Notes
US NGLs have strengthened across the board early in 2021, with some of those gains tied to increases in West Texas Intermediate and others linked in robust demand from the petrochemical sector and other global markets.
LPG editor MK Bower discusses what is driving pricing strength for propane and butane, how ethane is recovering from the demand destruction wrought during hurricane season, and why market participants are confounded by natural gasoline and its relative strength against crude.