Propane production and where it comes from
August 21, 2023 By Mark Rachal
In this week’s Trader’s Corner, Mark Rachal, director of research and publications with Cost Management Solutions, gives an overview of propane production.
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In this week’s Trader’s Corner, Mark Rachal, director of research and publications with Cost Management Solutions, gives an overview of propane production.
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The propane inventory number reported each week by the Energy Information Administration also includes propylene. Propylene is a…
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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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U.S. propane supply is growing, but not as much as in past years.
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The need for propylene is expected to continue to rise across the world, which also increases demand for propane as a feedstock, according to IHS Markit.
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In 2016, U.S. refineries only provided 20.67 percent of the total fuel-use propane supply of 1.461 million barrels per day (bpd).
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A huge jump in propane/propylene production was a key factor in the well-above-normal 2.259-million-barrel inventory build reported by…
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