Midstream companies to boost fractionation capacity
July 18, 2023 By Brian Richesson
Midstream operators are readying assets for the additional growth in fractionation capacity to separate the liquids into their respective purity products.
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Midstream operators are readying assets for the additional growth in fractionation capacity to separate the liquids into their respective purity products.
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A rapid increase in U.S. propane exports to Asia in recent years contributed to the U.S. reaching a record export level of 1.7 million barrels per day in March.
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The growing strength in crude’s price is a threat to propane retailers trying to hedge against higher prices this winter.
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If crude prices stay where they are or trend higher, it won’t take much improvement in the propane fundamental picture to see a rapid rise in propane’s price.
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The global nature of diesel has led to its elevated pricing in the U.S., despite the nation’s export of roughly 1 million barrels of the distillate every day.
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During the Propane Days lobbying event last week in Washington, D.C., issues discussed were related to the supply and pricing of propane.
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In this week’s Trader’s Corner, Mark Rachal analyzes the latest propane inventory build and how it will impact the forward price of propane.
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Many propane industry members described the 2022-23 winter as mild. Now the U.S. Energy Information Administration has the data to prove it.
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Mark Rachal, director of research and publications for Cost Management Solutions, analyzes why propane inventories are still setting five-year highs.
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This week, Mark Rachal, director of research and publications with Cost Management Solutions, explains hedging in the propane industry.
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