Growth in US propane supply exceeding demand
February 18, 2019 By Mark Rachal
Propane’s relative value to WTI crude has been falling this year. Comparing propane’s value to crude’s value is…
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Propane’s relative value to WTI crude has been falling this year. Comparing propane’s value to crude’s value is…
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ICF’s Mike Sloan offers a rundown on propane supply and demand issues in 2018 at the National Propane Gas Association’s 2018 Propane Expo.
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The EIA reports the United States exported 905,000 bpd of propane, with the largest volumes going to supply petrochemical feedstock demand in Asian countries.
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This year, domestic demand has remained high due to a long winter heating season, when compared to recent winters.
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Propane Resources’ Tony Botts explains why or why not this winter lived up to the expectations of propane retailers.
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The U.S. Energy Information Administration reported U.S. domestic demand for propane at 1.496 million barrels per day (bpd) for the week ending April 6.
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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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In 2018, ICF expects the retail propane industry to be characterized by transformation and change.
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The increase in U.S. propane exports and export capacity has captured the industry’s attention for the last several years.
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It is difficult to believe, but domestic propane demand is running slightly below last year’s levels for the same time of year.
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