US propane production on the rise in 2017
July 5, 2017 By Mark Rachal and Dale Delay
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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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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U.S. crude and petroleum exports increased in recent years, and propane exports have accelerated significantly, the Energy Information Administration reports.
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Propane inventory has increased 10.774 million barrels since its first build for this year, which occurred during the week ending April 21.
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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.
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Last week, the Energy Information Administration reported U.S. propane inventory increased 3.446 million barrels.
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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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There was a little less nervousness last week after the EIA’s weekly inventory data finally showed a significant build in U.S. propane inventory.
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Aging housing units with old appliances offer residential opportunities for propane marketers.
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Propane prices have been falling since mid-April as weakening export economics worry traders.
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Honeywell UOP commissioned operations at the largest single-train propane dehydrogenation unit in China at Yantai Wanhua Polyurethanes Group.
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