Propane exports drop: What to expect next
December 21, 2021 By Mark Rachal
For the week ending Dec. 10, U.S. propane exports dropped to 847,000 barrels per day (bpd) – 509,000 bpd less than the same week last year.
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For the week ending Dec. 10, U.S. propane exports dropped to 847,000 barrels per day (bpd) – 509,000 bpd less than the same week last year.
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A number of industry sources have weighed in on winter preparation, positive developments and still the potential for supply-and-distribution disruptions.
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LP Gas provides updates on the U.S. propane market, as well as the latest trends. The data for October 2021 focuses on propane-powered school bus fleets compared to non-propane.
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LP Gas provides updates on the U.S. propane market, as well as the latest trends. The data for September 2021 focuses on five-year LPG tank car sublease rates versus propane exports.
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Not only does EIA data show propane inventory near five-year lows, but prices at Mont Belvieu topped the $1-a-gallon mark for the first time since 2018.
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Pembina opened the Prince Rupert Terminal, located on Watson Island in the vicinity of Prince Rupert, British Columbia, Canada.
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U.S. exports of propane in 2020 reached record levels, increasing 13 percent and surpassing distillate fuel oil as the top petroleum product export.
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U.S. exports of propane have been increasing, primarily to countries in East Asia, as a result of cold weather and robust petrochemical feedstock consumption.
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The retail propane community was once a prominent component of the overall domestic demand picture, but the shale boom created other demand options.
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Changes in supply and distribution dynamics are forcing propane industry leaders to ponder the potential impacts on marketers’ ability to serve customers reliably this winter.
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