A surge in propane production and exports leads to an abundant supply and falling prices. Propane inventories in the United States hit a record seasonal high at the beginning of October 2023. This surge is attributed to the rapid growth in light petroleum liquids reclaimed from the booming natural gas field production, outpacing the robust… Continue reading U.S. Propane Inventories Reach Record High in October 2023
Propane, a versatile fuel with various applications, is influenced by a complex web of factors that impact its demand and pricing. Understanding these dynamics is essential for both industry insiders and consumers. Let’s take a look at the latest trends affecting propane demand and what they mean for the market. Propane Dehydrogenation (PDH) Plants and… Continue reading Understanding the Factors Impacting Propane Demand Trends
Many professionals in the propane industry have characterized the recently ended 2022–2023 winter heating season in the United States as mild. The U.S. Energy Information Administration (EIA) has provided data supporting this assertion. The EIA estimates that U.S. propane consumption during the winter season averaged 0.986 million barrels per day (bpd), the lowest winter heating… Continue reading Mild Winter Leads to Lowest U.S. Propane Consumption on Record
Propane inventories are reaching record highs. What are the possible reasons behind this phenomenon? According to the Energy Information Administration (EIA), there has been a significant decrease in domestic propane demand during the core winter months. Surprisingly, the drop in demand cannot be solely attributed to a milder winter, as historical data suggests similar or… Continue reading Propane Inventories Soar to New Heights: What it Means for Propane Company Owners
