The EIA reported total U.S. propane/propylene inventories built by 1.6 MMbbl for the week ended June 14, well below industry expectations of 2.26 MMbbl and the average for the past five years. Storage is 8% lower than the same time last year.

The operator of the Trans Mountain Expansion (TMX) pipeline plans to amend certain quality rules for heavy crude from September 1 after complaints from shippers and buyers of oil on the system that began service in May. 

The average spread between isobutane and normal butane was just under 10.5 c/gal in January 2024.  Following the start-up of the Next Wave ethylene to alkylate project in March 2024, the spread then widened substantially, peaking in May 2024 with an average of 53 c/gal.  Next Wave was not the onl

The world’s spare oil production capacity cushions are set to reach unprecedented levels, not counting Covid-19 period, because of a capacity ramp up in U.S. and other producers in the Americas, the International Energy Agency (IEA) says in its June Oil Market report.

Genesis Energy’s Cameron Highway Oil Pipeline System (CHOPS) is expected to be shut in October for two weeks of planned work. It’s not clear if the entire system will be down all at once, or if segments will be worked on in phases.