Petrochemical companies still consuming relatively low volumes of propane
August 6, 2018 By Mark Rachal and Dale Delay
In July, U.S. propane exports kicked into higher gear.
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In July, U.S. propane exports kicked into higher gear.
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The U.S. supply equation continues to be dominated by the shale gas boom. This means more associated gas production and supply in the producing basins.
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In 2017, Mont Belvieu averaged a higher price than Conway by 4.52 cents. That 4.5-cent spread is maintained because of the oversupply in the Midwest, Cost Management Solutions says.
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An increase in natural gas production has caused a significant increase in propane supply from natural gas processing operations.
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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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At the Propane Education & Research Council’s April meeting in Atlanta, Roger Leider, executive director of the Minnesota Propane Association, offered some insight into his state’s propane supply picture.
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The Energy Information Administration reports U.S. refinery runs reached record highs. The refinery output of petroleum products outpaced the increased U.S. consumption.
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A 65-acre waterfront site will serve as the next expansion phase at the company’s hydrocarbon terminal.
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The Line 5 pipeline was shut down for one day in mid-April by Enbridge Energy during a power outage caused by a storm.
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