EIA to provide new propane data point
November 20, 2023 By Mark Rachal
The Energy Information Administration will provide a new data point in its Weekly Petroleum Status Report that will benefit those in the propane industry.
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The Energy Information Administration will provide a new data point in its Weekly Petroleum Status Report that will benefit those in the propane industry.
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Cost Management Solutions encourages caution about the second half of this winter given the high inventory positions and concerns for propane demand.
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Mark Rachal, director of research and publications for Cost Management Solutions, examines various scenarios for propane exports that could happen this winter.
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Data for May 2022 focuses on U.S. petroleum product exports and imports from 2016 to 2021.
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The U.S. government’s decision to proceed with imposing sanctions on Venezuelan state-owned oil and natural gas company PDVSA could raise prices on 20 million barrels of U.S. crude products, and potentially hurt U.S. economic growth.
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AltaGas says it has about 75 percent of its supply secured for the Canadian Ridley Island Propane Export Terminal.
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Astomos Energy plans to purchase 50 percent of the propane exported from AtlaGas’ Ridley Island Export Terminal in Prince Rupert, British Columbia, Canada.
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U.S. crude and petroleum exports increased in recent years, and propane exports have accelerated significantly, the Energy Information Administration reports.
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Increased propane production levels and U.S. export demand tied to decreased domestic demand have put the topic of propane supply at the forefront of many retailers’ minds.
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