Tag: Propane
BC Premier touts AltaGas propane export terminal as excellent model
Site location provides 15 days less shipping time than from U.S. Gulf Coast Premier John Horgan toured the AltaGas Ridley Island Propane Export Terminal, saying it is an excellent model for the Province’s vision of expanding sustainable resource production, creating long-term jobs and fuelling local economic development, according to a press release. “This is a […]
Crude oil, petroleum product exports reach record levels in first half of 2017
Mexico received 53% of total U.S. gasoline exports in first half of 2017 Crude oil exports in the first half of 2017 increased by more than 300,000 b/d from the first half of 2016 to 784,000 b/d, a 57 per cent increase, according to the U.S. Energy Information Administration. Petroleum product exports also grew over […]
US heating costs likely to be higher this winter
Heating oil use much more common in Northeast regions Most U.S. households can expect higher heating expenditures this winter (October through March) than the last two winters according to EIA’s Winter Fuels Outlook. Higher expected winter heating expenditures are the result of both more heating demand because of relatively colder weather and, to a lesser extent, […]
Increase in rail shipments of propane, butane to West Coast offsets decreasing production
Exports of LPG from the West Coast rose by nearly 5,000 b/d in 2016 to more than 37,000 b/d Total US production of propane and butanes—commonly referred to as liquefied petroleum gases (LPG)—increased to 2.1 million b/d in 2016, according to the US Energy Information Administration. Production increased in all regions of the country except for […]
Increasing US propane exports contribute to large draw on inventories this winter
Most growth in US propane exports serves growing demand from expanding petrochemical sector in Asia US propane inventories, which had been above historical norms since mid-2014, declined by 59 million barrels from the beginning of Oct. 2016 through early March 2017, the largest decline on record for this period, despite unseasonably mild temperatures, according to the […]
Residential heating oil, propane prices at levels similar to last winter’s low prices
Unlike retail natural gas and electricity, retail heating oil and propane is sold by independent dealers Residential heating oil and propane prices have started the winter heating season at levels similar to last winter’s levels, while inventories of both fuels are near or above five-year highs for this time of year, according to the US Energy Information […]
Winter heating bills likely to increase, but still remain below recent winters
Most US households can expect higher heating expenditures this winter (Oct. through March) compared to last winter, according to EIA’s Winter Fuels Outlook. Winter heating expenditures for most fuels were especially low last winter, when energy prices were relatively low and warm weather reduced heating demand to the lowest level nationally in at least 25 […]
Propane exports drove US petroleum export growth in first half of 2016
Canada was the second-largest recipient of US gasoline at 66,000 b/d in the first half of 2016 In the first half of 2016, the United States exported 4.7 million b/d of petroleum products, an increase of 500,000 b/d over the first half of 2015 and almost 10 times the crude oil export volume, according to the […]
LPG glut shocks market, oil traders lose millions
US LPG buyers cancel cargoes, pay penalties By Julia Payne and Chen Aizhu LONDON/BEIJING, July 19 (Reuters) – Traders in the liquefied petroleum gas (LPG) market face a “career-ruining” glut that has led to millions of dollars in losses as Chinese buyers, far from coming to the rescue, are in a stand-off with oil companies […]
Panama Canal expansion could positively affect US propane exports to Asia
New, larger Panama Canal locks will allow Very Large Gas Carriers that carries propane/hydrocarbon gas liquids On June 26, the Panama Canal Authority, the body that operates the Panama Canal, will inaugurate a third set of locks, which will allow for the transit of larger ships. This is the first such expansion since the canal […]
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