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.....
NGL MARKET RECAP
| June 04, 2014
June 4, 2014
In Focus: March EIA stat highlights Total U.S. gas plant NGL production increased +4% in March to 2,793 kb/d, and was up +13% compared to 2013. Production in the Marcellus was up +6% m-o-m and +155% y-o-y at 168 kb/d. Bakken production increased +5% to 62 kb/d in March and was +27% higher compared to last year. Texas Inland gas plant production was +12% higher y-o-y at 1,192 kb/d.
NGL MARKET RECAP
| May 29, 2014
May 29, 2014
In Focus: New gas carriers to support LPG and ethylene/ethane arbitrage The size of the very large gas carrier ( VLGC ) segment is set to grow by around 50% through 2016 in response to greater supply of LPGs – most notably in the US – and increased demand, which is expected to come predominantly from the Asia-Pacific region. The 80 new VLGCs, which are on average 84,000 cubic meters (cbm), should increase capacity by +6.8 million cbm from 12.6 million cbm to 19.3 million cbm by the end of 20.....
NGL MARKET RECAP
| May 21, 2014
May 21, 2014
In Focus: Incremental LPG exports Although U.S. propane production increased +88 kb/d w-o-w to hit a new high and as PADD 3 inventories continue to exhibit strong builds, a review of planned LPG export facilities – both large and small – suggest the market could tighten in late 1Q and 2Q 2015.
NGL MARKET RECAP
| May 14, 2014
May 14, 2014
Propane: US propane inventories increased by +2.5m bbl to 37.7m bbl for the week ended May 9, 2014. PADD 3 inventories increased +7%, or +1.4m bbl, to 20.8m bbl. PADD 2 stocks increased by +7%, or +830k bbl, to 12.5m bbl. In PADD 1, stocks increased by +6% or +166k bbl to 3.0m bbl. Implied demand increased +22% to 849 kb/d; imports decreased -24% to 55 kb/d and production fell -1% to 1.46 mb/d last week. This week we have included our expanded charts, including Canadian LPG inventori.....
NGL MARKET RECAP
| May 07, 2014
May 7, 2014
In Focus: Petrochemical update Some of the key issues on the minds of chemical companies – or at least the analysts that cover them – include ethane and propane exports, construction timelines for new cracking facilities in the U.S. and opportunities for chemical demand growth in international markets, particularly China. If there was any bias in their analyses, it would be in categorically bullish stances on supply and mostly bearish outlooks for feedstock prices.