NGL MARKET RECAP
| August 20, 2014
August 20, 2014
Propane: US propane inventories increased by +2.5m bbl to 72.8m bbl for the week ended August 15, 2014. PADD 3 inventories increased +3%, or +1.2m bbl, to 39.9m bbl. PADD 2 stocks increased +4% or by +1.05m bbl to 24.5m bbl. In PADD 1, stocks increased +4% or +215k bbl to 5.6m bbl. Implied demand decreased -14% to 788 kb/d; imports decreased -50% to 58 kb/d while production rose +2% to 1.53 mb/d last week. In Focus: Expanded charts This week we have included our expanded charts, incl.....
NGL MARKET RECAP
| August 13, 2014
August 13, 2014
Propane: US propane inventories increased by +1.8m bbl to 70.3m bbl for the week ended August 8, 2014. PADD 3 inventories increased +4%, or +1.3m bbl, to 38.7m bbl. PADD 2 stocks increased +2% or by +510k bbl to 23.4m bbl. In PADD 1, stocks decreased -1% or -84k bbl to 5.4m bbl. Implied demand decreased -10% to 9919 kb/d; imports increased +105% to 115 kb/d while production fell -5% to 1.50 mb/d last week. In Focus: IEA on LPG and ethane demand In its monthly Oil Market Report ( .....
NGL MARKET RECAP
| August 06, 2014
August 6, 2014
Propane: US propane inventories increased by +1.3m bbl to 68.5m bbl for the week ended August 1, 2014. PADD 3 inventories increased +3%, or +1m bbl, to 37.4m bbl. PADD 2 stocks increased +2% or by +484k bbl to 22.9m bbl. In PADD 1, stocks decreased -3% or -193k bbl to 5.5m bbl. Implied demand increased +8% to 1,019 kb/d; imports increased +2% to 56 kb/d while production was unchanged at 1.58 mb/d last week. In Focus: Is a waterborne ethane market possible? Late last month, Rusal’s co.....
NGL MARKET RECAP
| July 30, 2014
July 30, 2014
Propane: US propane inventories increased by +1.75m bbl to 67.2m bbl for the week ended July 25, 2014. PADD 3 inventories increased +1%, or +374k bbl, to 36.4m bbl. PADD 2 stocks increased +4% or by +847k bbl to 22.4m bbl. In PADD 1, stocks increased +8% or +406k bbl to 5.7m bbl. Implied demand fell -9% to 946 kb/d; imports decreased -4% to 55 kb/d while production fell -1% to 1.58 mb/d last week. Note: Although the weekly DOE propane export figure is derived from other reported bala.....
NGL MARKET RECAP
| July 16, 2014
July 16, 2014
Propane: US propane inventories increased by +3.2m bbl to 63.3m bbl for the week ended July 11, 2014. PADD 3 inventories increased +5%, or +1.6m bbl, to 35.6m bbl. PADD 2 stocks increased +7% or by +1.2m bbl to 20.2m bbl. In PADD 1, stocks increased +5% or +247k bbl to 5.0m bbl. Implied demand increased +12% to 824 kb/d; imports fell -42% to 49 kb/d while production increased +2% to 1.54 mb/d last week. In Focus: propane prices disconnect from fundamentals Although total US propane/p.....
NGL MARKET RECAP
| July 11, 2014
July 11, 2014
Propane: US propane inventories increased by +3.8m bbl to 60.1m bbl for the week ended July 4, 2014. PADD 3 inventories increased +6%, or +1.9m bbl, to 34.0m bbl. PADD 2 stocks increased +8% or by +1.4m bbl to 18.9m bbl. In PADD 1, stocks increased +12% or +510k bbl to 4.7m bbl. Implied demand fell -20% to 733 kb/d; imports increased +47% to 84 kb/d while production decreased -2% to 1.50 mb/d last week. In Focus: Expanded charts This week we have included our expanded charts, includi.....
NGL MARKET RECAP
| July 02, 2014
July 2, 2014
Propane: US propane inventories increased by +2.6m bbl to 56.2m bbl for the week ended June 27, 2014. PADD 3 inventories increased +6%, or +1.9m bbl, to 32.1m bbl. PADD 2 stocks increased +2% or by +386k bbl to 17.5m bbl. In PADD 1, stocks increased +4% or +143k bbl to 4.2m bbl. Implied demand increased +2% to 916 kb/d; imports increased +8% to 57 kb/d and production increased +3% to 1.53 mb/d last week. In Focus: U.S. butane hits the international market According to the latest EIA.....
NGL MARKET RECAP
| June 25, 2014
June 25, 2014
Propane: US propane inventories increased by +2.4m bbl to 53.7m bbl for the week ended June 20, 2014. PADD 3 inventories increased +5%, or +1.5m bbl, to 30.2m bbl. PADD 2 stocks increased +4% or by +593k bbl to 17.2m bbl. In PADD 1, stocks increased +7% or +251k bbl to 4.1m bbl. Implied demand fell -4% to 894 kb/d; imports decreased -30% to 53 kb/d and production increased +2% to 1.49 mb/d last week. In Focus: what do condensate exports mean for naphtha? As we discussed in a recent r.....
NGL MARKET RECAP
| June 18, 2014
June 18, 2014
Propane: US propane inventories increased by +2.0m bbl to 51.2m bbl for the week ended June 13, 2014. PADD 3 inventories increased +6%, or +1.5m bbl, to 28.7m bbl. PADD 2 stocks were unchanged at 16.6m bbl. In PADD 1, stocks jumped +11% or +374k bbl to 3.8m bbl. Implied demand increased +23% to 934 kb/d; imports increased +38% to 76 kb/d and production fell -3% to 1.46 mb/d last week. In Focus: propane spreads In order to incentivize a balancing of national inventories, Mont Belvieu .....
NGL MARKET RECAP
| June 11, 2014
June 11, 2014
Propane: US propane inventories increased by +3.4m bbl to 49.2m bbl for the week ended June 6, 2014. PADD 3 inventories increased +10%, or +2.5m bbl, to 27.2m bbl. PADD 2 stocks increased by +3%, or +483k bbl, to 16.6m bbl. In PADD 1, stocks increased by +5% or +154k bbl to 3.4m bbl. Implied demand increased +6% to 760 kb/d; imports increased +41% to 55 kb/d and production fell -1% to 1.50 mb/d last week. In Focus: Expanded charts This week we have included our expanded charts, inclu.....