High rates of propane production, high inventory levels and relatively soft growth in propane exports have created a bearish fundamental situation for propane that could continue beyond winter.
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U.S. propane production surged at the end of 2018, which contributed to the recent weakness in propane prices and likely capped upside price potential.
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A Conference Board of Canada report expects 20 percent growth in propane production from 2017-2025, which will positively effect the country’s economy.
Read More Crude oil production is expected to increase in 2019. The growth in will lead to increased gas plant production and more propane production.
Read More U.S. propane production is much higher than domestic propane demand, leaving propane exports to play the role of balancing U.S. supply with demand.
Read More Major producers, including OPEC countries and Russia, agreed to extend the production quotas implemented in January through the end of 2018.
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For the week ending July 7, the U.S. Energy Information Administration (EIA) reported a significant recovery in U.S. […]
Read More Growth in U.S. propane production has slowed from the breakneck pace of recent years, but it’s still on the rise in 2017.
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The U.S. remained the world’s top producer of petroleum and natural gas hydrocarbons for the past five years, the Energy Information Administration reports.
Read More 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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