Propane inventories surpass 90 million barrels
August 19, 2024 By Mark Rachal
For the week ending Aug. 9, the U.S. Energy Information Administration reported U.S. propane inventories exceeded the 90-million-barrel mark.
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For the week ending Aug. 9, the U.S. Energy Information Administration reported U.S. propane inventories exceeded the 90-million-barrel mark.
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Enterprise Products Partners is moving forward with an expansion project in response to continued strong demand for natural gas liquids export capacity.
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Propane buyers interested in getting protection against higher prices this winter have been hoping the recent run-up in propane prices would reverse itself and give them an opportunity to obtain that protection at a more favorable price.
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AltaGas reached a positive final investment decision with Royal Vopak on the Ridley Island Energy Export Facility, a large-scale LPG and bulk liquids terminal.
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As part of Targa’s long-term development plans, Jennifer R. Kneale, current CFO, will become president – finance and administration. William A. Byers will join Targa as CFO.
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Canada’s propane export industry has continued to grow over the past four years, notably in areas outside the U.S.
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With a La Niña, cold waters in the Pacific Ocean push the jet stream northward, affecting the weather in and around the United States.
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This week, Cost Management Solutions’ Mark Rachal takes a closer look at the current market and the recent inventory build.
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In preparation for next winter, Mark Rachal focuses on the buying plan for a propane retailer that will be executed over the next couple of months.
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Mark Rachal, director of research and publications with Cost Management Solutions, examines why natural gas production is slowing and how it will impact propane.
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