
Petrochemical demand for propane decreases
June 3, 2019 By Mark Rachal
Petrochemical companies have been choosing ethane over propane. See what the propane demand decrease means for domestic demand and prices.
Read MorePetrochemical companies have been choosing ethane over propane. See what the propane demand decrease means for domestic demand and prices.
Read MoreCombined domestic demand and export volumes are not keeping up with increases in propane production. This results in building inventory and falling prices.
Read MoreTotal fuel-use propane production from January 2018 to this January increased. Compared with 2017, supply growth is very strong this year.
Read MoreHigh rates of propane production, high inventory levels and relatively soft growth in propane exports have created a bearish fundamental situation for propane that could continue beyond winter.
Read MoreU.S. propane production surged at the end of 2018, which contributed to the recent weakness in propane prices and likely capped upside price potential.
Read MoreA Conference Board of Canada report expects 20 percent growth in propane production from 2017-2025, which will positively effect the country’s economy.
Read MoreCrude oil production is expected to increase in 2019. The growth in will lead to increased gas plant production and more propane production.
Read MoreU.S. propane production is much higher than domestic propane demand, leaving propane exports to play the role of balancing U.S. supply with demand.
Read MoreMajor producers, including OPEC countries and Russia, agreed to extend the production quotas implemented in January through the end of 2018.
Read MoreFor the week ending July 7, the U.S. Energy Information Administration (EIA) reported a significant recovery in U.S….
Read More