Propane
Posted: Sat Aug 05, 2017 8:17 am
Per EIA: U.S. propane stocks increased by 1.7 million barrels last week to 67.6 million barrels as of July 28, 2017, 22.3 million barrels (24.8%) lower than a year ago. Gulf Coast, Midwest, and Rocky Mountain/West Coast inventories increased by 1.0 million barrels, 0.7 million barrels, and 0.1 million barrels, respectively, while East Coast inventories decreased by 0.1 million barrels. Propylene non-fuel-use inventories represented 4.2% of total propane inventories.
In addition to a much tighter natural gas market heading into the next winter heating season, the propane market is also going to be much tighter. Propane is a home heating fuel for many rural areas. It is also the largest percentage of the NGL mix for many companies.
NGL prices tanked last winter. This year they should be much better.
In addition to a much tighter natural gas market heading into the next winter heating season, the propane market is also going to be much tighter. Propane is a home heating fuel for many rural areas. It is also the largest percentage of the NGL mix for many companies.
NGL prices tanked last winter. This year they should be much better.