Wednesday, July 22, 2020
The combination of rapidly falling crude prices in March 2020 and relatively flat, and historically low, natural gas prices squeezed hydrocarbon gas liquids (HGL) spot prices into a narrow price band from mid-March through the end of April 2020, the U.S. Energy Information Administration (EIA) reports in its Today in Energy. This relatively narrow band has since widened as crude oil prices have increased and natural gas prices have remained low.