Propane exports on the rise
August 30, 2018 By Brian Richesson
For the week ending July 27, propane exports were up 143,000 barrels per day from the previous week.
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For the week ending July 27, propane exports were up 143,000 barrels per day from the previous week.
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Aug. 7 began the first phase of U.S. sanctions against Iran.
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In July, U.S. propane exports kicked into higher gear.
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Last week, U.S. crude production hit 11 million barrels per day for the first time ever.
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Dale Delay, president of Cost Management Solutions, will be the featured speaker at this year’s LP Gas Growth Summit. Delay has more than 25 years of experience in the oil and propane industry.
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In 2017, Mont Belvieu averaged a higher price than Conway by 4.52 cents. That 4.5-cent spread is maintained because of the oversupply in the Midwest, Cost Management Solutions says.
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An increase in natural gas production has caused a significant increase in propane supply from natural gas processing operations.
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For the foreseeable future, it appears Conway is going to be overwhelmed by supply.
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The pricing pattern for March and May turned out to be very similar, but April was a little different.
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Christopher Caywood, co-owner of Caywood Propane Gas, gives retailers tips for choosing the right customer management system software.
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