Making our point about propane ‘Supply Points’
April 8, 2019 By Brian Richesson
In our monthly print and digital editions of LP Gas magazine, we feature a section that highlights the…
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In our monthly print and digital editions of LP Gas magazine, we feature a section that highlights the…
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In Trader’s Corner, we have written extensively about the high growth rate in propane supply compared to the…
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In this week’s Trader’s Corner, we revisit a topic that we have discussed numerous times this year: the…
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Last week, U.S. crude production hit 11 million barrels per day for the first time ever.
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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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Last week, refiners were operating at 97.1 percent of their total available capacity.
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A new report from business information provider IHS Markit shows the potential for significant growth in U.S. natural gas production because the overall size of recoverable gas reserves continues to increase.
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The implication for propane retailers is that petrochemicals could demand more propane moving forward if the trend in ethane’s relative value to propane continues on its current path.
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For the foreseeable future, it appears Conway is going to be overwhelmed by supply.
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The pricing pattern for March and May turned out to be very similar, but April was a little different.
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