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.....
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.....