US Industry Metrics

A. Blume, Managing Editor

In the US, Henry Hub natural gas spot prices continued their extended decline through the turn of 2016, but were seen picking back up slightly in early January as residential and commercial gas consumption increased with the onset of lower temperatures in some regions. Despite the colder weather in parts of the US, storage withdrawals were lower on the year as of early January, keeping inventories well-maintained. Spot prices for NGL dropped sharply in early January as production of NGL remained strong. As of October 2016, production of NGL, LPG, ethane/ethylene and propane/propylene had reached new highs. GP