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Title : Friday, March 16, 2018 -- WTI Manages To Stay Above $61
link : Friday, March 16, 2018 -- WTI Manages To Stay Above $61

Friday, March 16, 2018 -- WTI Manages To Stay Above $61

Friday sports:

• Tiger Woods makes a respectable showing at Arnold Palmer Invitational, tied for seventh after first day
• second day of first round of March Madness; most of the games yesterday were incredibly boring

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Back to the Bakken

Active rigs:

$61.39→	3/16/2018	03/16/2017	03/16/2016	03/16/2015	03/16/2014
Active Rigs	57	47	31	111	190

RBN Energy: record crude and gas production leads to record NGL production at just the right time, part 2.

With U.S. NGL production hitting a record high of just over 4.0 MMb/d in the fourth quarter of 2017 and ethane production also reaching record volumes at 1.6 MMb/d, the price for ethane has remained stuck at about 25 c/gal — where it’s been for the past two years, even though prices for other NGLs are up over the same period.

The combination of roaring high-ethane-content Permian and SCOOP/STACK NGL volumes, coupled with steam cracker outages and construction delays due to Hurricane Harvey, have landed us here. So where do we expect the ethane market to go now as incremental cracker and export demand ramp up in 2018 and 2019? Today, we continue a series on our updated NGL market forecast, highlighting the NGL product whose market is going through the most changes: ethane. 

http://ift.tt/2dZyQXu

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