EIA: Propane inventory levels decline due to exports
March 20, 2017 By Megan Smalley
Propane inventories declined from October 2016 through March 2017 due to propane exports, according to the U.S. Energy Information Administration (EIA).
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Propane inventories declined from October 2016 through March 2017 due to propane exports, according to the U.S. Energy Information Administration (EIA).
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Despite most of the country experiencing, on average, a relatively warm winter so far, certain non-weather-related factors are contributing to higher prices for propane and heating oil when compared to the same time last year, the U.S. Energy Information Administration (EIA) reports.
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AltaGas reached a positive final investment decision on the Ridley Island Propane Export Terminal, as it received approval from federal regulators.
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The U.S. domestic propane market continues to change. That’s the message from ICF International in a guest column written for LP Gas magazine.
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Phillips 66’s Freeport LP gas export terminal opened for business Dec. 16 when the company loaded its first contracted cargo on a very large gas carrier.
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For the week ending Oct. 14, the Energy Information Administration (EIA) reported a 1.246-million-barrel draw in U.S. propane inventory.
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EIA changed its methodology for collecting data on exports, including propane, in an effort to try and make its weekly estimates more accurate.
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Higher projected U.S. household winter propane expenditures compared to last year and soaring U.S. propane inventory highlight the U.S. Energy Information Administration’s (EIA) annual Winter Fuels Outlook, released Thursday, Oct. 13.
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Rapid growth in propane exports drove U.S. petroleum product export growth in the first half of 2016.
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