October 4, 2022 – LP Gas
Leaders stress propane supply planning in volatile market
By: Brian Richesson
It was only logical that an energy market report teeming with volatility would precede messages from industry members professing ways for propane marketers and suppliers to stay ahead of the supply game.
U.S. propane inventory ended last winter about 5 million barrels below 2021 levels. Fast forward about five months, and inventory had rebounded off higher production and lower demand and headed toward the 2022-23 winter about 7.5 million barrels above last year’s levels, reports Rusty Braziel of RBN Energy during a supply-and-demand-focused webinar hosted in September by the National Propane Gas Association (NPGA) and moderated by DD Alexander of Global Gas.
“So even though inventories have increased faster this year, we’re ending up the injection season only slightly better than where we were last year,” he says. “And that’s in a market with a lot of volatility because of what’s going on in the world around us.”
Read the full article here: https://www.lpgasmagazine.com/leaders-stress-propane-supply-planning-in-volatile-market/
