Propane

Mexico’s private distributors of liquified petroleum gas (LPG) on Monday urged authorities to modify their approach to pricing and regulation in the sector amid rising global propane prices ahead of winter. Trade group Asociación Mexicana de Distribuidores de Gas Licuado de Petróleo y Empresas Conexas (Amexgas) said that LPG price caps imposed this summer by…

Wholesale propane prices at the main U.S. natural gas liquids (NGL) hub have reached their highest level in more than seven years amid tight global supply and strong demand, according to the latest government figures. The Energy Information Administration (EIA) said wholesale propane prices at Mont Belvieu, TX, increased to an average of $1.33/gal during…

Wholesale propane prices at the main U.S. natural gas liquids (NGL) hub have reached their highest level in more than seven years amid tight global supply and strong demand, according to the latest government figures. The Energy Information Administration (EIA) said wholesale propane prices at Mont Belvieu, TX, increased to an average of $1.33/gal during…

Executives at Appalachian pure-play Antero Resources Corp., the nation’s second largest natural gas liquids (NGL) producer, are warning that without an adequate build in propane inventories through the fall, the world would be undersupplied this winter.  “U.S. domestic propane buyers will need to outbid export markets this summer to build sufficient inventories for this upcoming…

A surge in heating demand propelled U.S. propane prices during the 2020-21 winter season, according to a new federal report. Residential propane prices in the United States averaged about $2.30/gal at the close of March, up 43 cents from a year earlier, according to the U.S. Energy Information Administration (EIA). About two-thirds of the natural…

Propane exports from Canada to overseas markets jumped by 19% in 2020, with international sales poised to increase again this year, according to the Canada Energy Regulator (CER). A terminal location on the northern Pacific coast of British Columbia (BC) at Prince Rupert lived up to expectations of giving a competitive advantage to the Alberta-based…

U.S. crude oil stocks declined by 8 million bbl during the week ended Jan. 1, although demand for petroleum products also fell sharply for the period, according to updated statistics published Wednesday by the Energy Information Administration (EIA). EIA said in its latest Weekly Petroleum Status Report that domestic crude inventories, excluding the Strategic Petroleum…

After a year of overseas sales growth, the pioneer of propane tanker loadings on the north Pacific coast of British Columbia (BC) has doubled the volume authorized for its international traffic in the natural gas byproduct. AltaGas Ltd. has obtained a second 25-year export license for 40,000 b/d from the Canada Energy Regulator (CER). The…

The Covid-19 pandemic only inflicts a temporary setback on overseas propane shipments as byproduct growth for the Canadian natural gas industry, according to AltaGas Ltd.