Bill and Todd’s Excellent Propane Adventure - Webcast Replay Available Now!

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Fundamentals of Current Propane Market
Bill Marks of Amerigas, Todd Root & Rusty Braziel of RBN

Crude Stocks Plunge As Exports Spike

U.S. production remained flat and imports rose by 300 Mb/d, bringing total supply to 18.9 MMb/d, while refinery demand was flat and exports shot up by 700 Mb/d, bringing total demand up to 21.8 MMb/d.

U.S. Weekly Propane Inventories Increase 1 MMbbl Over Industry Expectations and the Average Build for the Week

The EIA reported that total U.S. propane/propylene inventories increased by 2.9 MMbbl for the week ended July 28, which was above average industry expectations for a 2-MMbbl gain and the 1.9 MMbbl average build for the week.

The Netherlands Remains Top Destination for VLCCs in July

Data from the Crude Voyager report shows that crude oil exports averaged 3.2 MMb/d for most of July, down 11% from the volumes loaded in June. All regions, except for Beaumont, loaded fewer cargoes during the month. The drop in exports was also marked by less vessel activity across the U.S.

Combined Natural Gas Production from LNG Canada Partners Slips in June 2023

RBN’s estimates of natural gas produced by the equity partners in LNG Canada slipped further in June 2023 by 116 MMcf/d, bringing the two-month decline in combined production since the peak in April to 176 MMcf/d.

U.S. Feedgas Demand Down After Incident at Columbia Gas Transmission

Overall feedgas last week averaged 12 Bcf/d, down slightly week-on-week. Feedgas demand fell as low as 11.4 Bcf/d earlier in the week after an incident on Columbia Gas Transmission caused deliveries to Cove Point to drop, but overall feedgas has since rebounded and is back above 12 Bcf/d.

U.S. Propane Production Hits All-Time Record High

It took longer than we thought it would take but U.S.

U.S. Gasoline Prices Jump 16.1 Cents/Gal in a Week, Following WTI Higher

Gasoline prices have continued their summertime move higher, with the U.S. average for regular unleaded standing at $3.752/gal on Monday (far-left bar in graphic below), up 16.1 cents from a week ago and up 20.9 cents from a month ago, according to data published by AAA.

Permian Crude Shippers Continue to Suffer - Houston WTI Drops Below Midland

Way back in 2018, Permian crude oil production was soaring, but there was not enough pipeline capacity to handle the volume. The market responded as it always does in such situations, with Permian Midland crude trading at a huge discount to the Gulf Coast (represented by Magellan East Houston, o

Permian Highway Pipeline shut in after ‘operational incident’: Kinder Morgan

An “operational incident” that occurred Thursday night led Permian Highway Pipeline (PHP) to be taken out of service Friday, Kinder Morgan said in a

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