U.S. propane inventories posted a counterseasonal 1.4-MMbbl draw. Stocks remain historically high, but continued draws or below-normal builds could quickly narrow the surplus ahead of the winter heating season.
Wolf Midstream announced it is moving forward with a Phase Three expansion of its NGL North system in Alberta.
U.S. propane inventories reached an all-time high as a larger-than-expected build lifted Gulf Coast stocks to record levels.
Keyera Corp. announced it was reducing its 2026 guidance for Marketing segment realized margin by CAD$40 MM, citing a two-week unexpected outage on Enbridge's Line 5 pipeline, and lower than expected utilization at its Alberta EnviroFuels facility (AEF) following its re-start this spring
A counterseasonal draw pulled U.S. propane inventories lower as exports and product supplied increased, but stocks remained well above historical levels.
U.S. propane inventories climbed to a second consecutive record as Gulf Coast and Midwest stocks accounted for approximately 92% of the weekly build. If inventories continue building at a similar pace, total stocks could approach 119 MMbbl by early October.
AltaGas has delayed the startup of its Ridley Island Energy Export Facility, so buyers won’t have the benefit of increased fuel supplies this winter. Today, we review industry plans to expand LPG export capacity on North America’s west coast, and how this could impact North American LPG markets.
At the end of July, propane stocks in Western Canada were at above normal, while propane stocks in Eastern Canada continue to be below normal and similar to this time last year, according to data published by the Canadian Energy Regulator on August 18.
U.S. propane inventories reached an all-time high as the Midwest led the weekly build and Gulf Coast stocks set a regional record.
Last week the price of isobutane in Mont Belvieu soared above 145 c/gal, the highest in four years.
