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CRUDE OIL
Despite overall bullish stock and OPEC compliance news, prices have failed to break through $55/Bbl due to the potential of additional production from Nigeria and Libya (exempt from quotas) and the rising US rig count (and production).
NATURAL GAS
Last week’s warm temperatures brought Res/com levels down 9.08 Bcf/d on average over the week. Res/Com demand at 21.8 Bcf/d is at levels usually found in late March or early April. Power demand was basically flat to the previous week, LNG exports were up slightly, and there was a slight decline in Mexican exports.
NGLS
Ethane
Propane
Butanes/Natural Gasoline
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