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 Thursday Wrap: Crude, nat gas retreat; gasoline makes gains
HOUSTON, December 29, 2016 (PCW) — February NYMEX crude futures settled down $0.29/bbl to $53.77/bbl. February Brent at the close of the NYMEX decreased $0.17/bbl to $56.12/bbl.
The February Brent/WTI spread widened to $2.35/bbl favoring Brent. Prompt natural gas futures were down 9.6 cents at $3.802/mmBtu. January NYMEX RBOB futures closed at $1.6820/gal, up 0.74 cpg.
December gasoline differentials were mostly stronger versus Wednesday’s levels.
A4 CBOB 87 regular was up at 3.00 cpg under the screen.
CBOB 87 was higher at 2.75 cpg under the screen.
D4 CBOB 93 premium was stronger at 13.50 cpg over the screen.
CBOB 93 rose to at 13.75 cpg over the screen.
RBOB was weaker at 2.25S cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $16.25/bbl, $1.93/bbl under the screen. – John Troland