NGL MARKET RECAP
| February 25, 2015
UPDATED PRODUCT: February 25, 2015
NGL Market Recap is back! Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices, ratios and fractionation spreads.
NGL MARKET RECAP
| September 17, 2014
September 17, 2014
Propane: US propane inventories increased by 1.4m bbl to 77.4m bbl for the week ended September 12, 2014. PADD 3 inventories increased +1%, or 325k bbl, to 41.3m bbl. PADD 2 stocks increased +4% or by +1.2m bbl to 27.3m bbl. In PADD 1, stocks fell -2% or -119k bbl to 5.6m bbl. Implied demand fell -18% to 1,104 kb/d; imports slumped -49% to 58 kb/d and production increased +1% to an all-time high of 1.62 mb/d last week. In Focus: Bakken LPG production Following a large dip in assoc.....
NGL MARKET RECAP
| September 10, 2014
September 10, 2014
Propane: US propane inventories decreased by -78k bbl to 76.0m bbl for the week ended September 5, 2014. PADD 3 inventories dropped -1%, or -601k bbl, to 41.0m bbl. PADD 2 stocks increased +2% or by +638k bbl to 26.2m bbl. In PADD 1, stocks fell -3% or -162k bbl to 5.7m bbl. Implied demand increased +33% to 1,350 kb/d; imports jumped +111% to 114 kb/d and production increased +4% to a new all-time high of 1.60 mb/d last week. In Focus: Expanded charts This week we have included our .....
NGL MARKET RECAP
| September 04, 2014
September 4, 2014
Propane: US propane inventories increased by +1.4m bbl to 76.1m bbl for the week ended August 29, 2014. PADD 3 inventories increased +1%, or +583k bbl, to 41.6m bbl. PADD 2 stocks increased +2% or by +464k bbl to 25.6m bbl. In PADD 1, stocks increased +3% or +189k bbl to 5.9m bbl. Implied demand increased +3% to 1,017 kb/d; imports decreased -18% to 54 kb/d and production fell -1% to 1.54 mb/d last week. In Focus: update on PADD 2 gas plant NGL production The latest EIA statist.....
NGL MARKET RECAP
| August 27, 2014
August 27, 2014
Propane: US propane inventories increased by +1.9m bbl to 74.7m bbl for the week ended August 22, 2014. PADD 3 inventories increased +3%, or +1.0m bbl, to 41.0m bbl. PADD 2 stocks increased +3% or by +642k bbl to 25.1m bbl. In PADD 1, stocks increased +2% or +104k bbl to 5.7m bbl. Implied demand increased +25% to 985 kb/d; imports increased +14% to 66 kb/d and production rose +2% to 1.56 mb/d last week. In Focus: Lloyds Register on U.S. ethane market Lloyds Register published a repor.....
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.....