New From PetroChem Wire . . . .
NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.
For more information,
NYMEX Friday Wrap: Crude closes week with gains; nat gas, gasoline soften
HOUSTON, January 6, 2017 (PCW) — February NYMEX crude futures settled higher, up $0.23/bbl to $53.99/bbl. March Brent at the close of the NYMEX increased $0.12/bbl to $57.09/bbl.
The March Brent/WTI spread narrowed to $2.22/bbl favoring Brent. Prompt natural gas futures were down 1.2 cents at $3.285/mmBtu. February NYMEX RBOB futures closed at $1.6340/gal, down 0.37 cpg.
January gasoline differentials were weaker versus Thursday’s levels.
A4 CBOB 87 regular was softer at 3.00 cpg under the screen.
CBOB 87 was lower at 2.75 cpg under the screen.
D4 CBOB 93 premium was down at 13.75 cpg over the screen.
CBOB 93 was weaker at 14.00 cpg over the screen.
RBOB fell to 1.75 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $13.11/bbl, $2.50/bbl under the screen. – John Troland