Price spread tightens between Mont Belvieu, Conway
August 27, 2018 By Mark Rachal and Dale Delay
Here are the factors impacting the recent price spread between Conway propane and Mont Belvieu LST propane.
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Here are the factors impacting the recent price spread between Conway propane and Mont Belvieu LST propane.
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Distillate fuel remained the most exported U.S. petroleum product in 2017, averaging 1.4 million barrels per day of gross exports.
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Export activity in July and its resulting impact on U.S. inventory builds should be very interesting to monitor.
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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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Mariner East 1 pipeline came back online and propane exports to Asian countries were on the rise in 2017.
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U.S. propane inventory increased very lightly last week. Find out why.
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According to the Energy Information Administration, fossil fuels are consumed but not combusted when they are used for construction materials, chemical feedstocks, lubricants, solvents, waxes and other products.
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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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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.
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The U.S. Energy Information Administration reported U.S. domestic demand for propane at 1.496 million barrels per day (bpd) for the week ending April 6.
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