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The US has experienced a renaissance in petrochemicals due to the abundance of ethane from shale gas. As a result of the increasing NGL production from various shale plays, there have been a total of 17 announced greenfield steam crackers in the US
ReadEarlier this week we attended the NGL Feedstocks and Derivatives: Global Supply & Demand Dynamics 2016 conference in Houston, hosted by the American Business Conferences
ReadOn Jan. 20, WTI and Dated Brent closed at $26.54/b and 25.96/b, respectively, the lowest we have seen oil prices since 2003. Since then we have seen prices rise and hover around the $30/b level. Unlike ethane, naphtha is highly correlated with the price of oil
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