Increases in US propane exports help balance markets
March 12, 2018 By Brian Richesson
A report from the U.S. Energy Information Administration (EIA) examines U.S. propane’s relationship with world propane prices and crude oil prices.
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A report from the U.S. Energy Information Administration (EIA) examines U.S. propane’s relationship with world propane prices and crude oil prices.
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As the impacts of winter demand wane this time of year, it is not unusual to see Conway prices move toward the weak side.
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Cost Management Solutions’ Mark Rachal takes a look at propane’s relative value to crude and how it is trending compared with last year.
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It is now the homestretch for winter, but forecasts for a cold February mean there is much work still to be done.
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U.S. propane prices have returned to where they began the winter – in a price decline that has surprised many, given strong domestic demand support.
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Enterprise Products Partners will also expand its natural gas liquid extraction capabilities by an incremental 40,000 barrels per day (bpd) to 120,000 bpd.
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Energy consultant and researcher Anne Keller wields her “crystal ball” for NGL forecasting.
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Propane prices often go through a bit of a slump between the middle of October and the Thanksgiving holiday.
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Relative to West Texas Intermediate’s crude price, Mont Belvieu is valued at 76 percent, while Conway is valued at 73 percent.
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The expanded pipeline will have an initial capacity of 110,000 barrels per day. Two new pump stations and pipeline looping will increase the capacity to handle the volume.
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