The Hot Cash-and-Carry Trade in Energy
Very low ethane cash prices and the steep contango shape of the forward curve in early August ’24 created an…
Natural Gas Liquids
Price Contango Creates Ethane Storage Play
Executive Summary: Rigs: The total rig count decreased by 9 for the October 13 week, down to 560 from 569. Liquids-driven…
Shell Cracker Draws Northeast Ethane to Record High
Ethane production in the Northeast hit a new record in 2Q24 of 394 Mb/d, led by demand from Shell’s Monaca…
Time to Talk Dock Constraints in the Northeast
Executive Summary: Rigs: The total rig count decreased by 2 for the October 6 week, down to 568 from 570.…
Matterhorn Turns the Page on Ethane Glut
Four months ago, East Daley was bearish ethane price given there is no meaningful new demand coming online until mid-‘25.…
Fast Matterhorn Ramp Boosts 4Q Growth Outlook
Flows have ramped quickly for the Matterhorn pipeline, fueling optimism for Permian supply growth in 4Q24.
Matterhorn Flips the Ethane Story
Executive Summary: Rigs: The total rig count decreased by 7 for the September 29 week, down to 565 from 572. Flows:…
Loading Fees Jump at LPG Docks
Executive Summary: Rigs: The total rig count decreased by 2 for the September 22 week, down to 565 from 567. Flows: There…
Pipe Launches Next Leg of Permian Growth
Executive Summary: Rigs: The total rig count decreased by 2 for the September 15 week, down to 564 from 566.…
Ethane Momentum Stalls Until Next Project Wave
With most Gulf Coast export terminals operating near capacity, East Daley Analytics sees a near-term mismatch between ethane supply and…