SIMON SAYS: Marcus Hook Terminal Fee Warning

Submitted by Simon Hill on Thu, 05/30/2019 - 16:36

I thought a bit of history might grab us on the last Friday in May. I remember selling butane cargoes into Marcus Hook, to Sun, to Sam Slovak or was it, Charlie Mitchell, anyway it was product going into their refinery for gasoline blending. They weren’t regular buyers, but paid good prices, and getting the first sale in was always a feeling of achievement.

SIMON SAYS: The Freight Debate

Submitted by Simon Hill on Tue, 05/28/2019 - 16:08

I do like hearing the discussions on how there’s record production, record exports and a lot more to come but I do feel the debate then tends to deviate to where LPG is going not how it’s getting there. Huge investments are being made to produce crude oil and natgas, without doubt the NGLs are being extracted for commercial reasons, but increasingly the talk has been about takeaway, I even heard “we’ve just got to make it disappear”.

SIMON SAYS: Propane Inventory Locked Up in Y-grade

Submitted by Simon Hill on Fri, 05/24/2019 - 10:41

I’m getting a far better understanding for what is happening to stocks in the US at the moment.  Clearly, they are a lot higher than last year and look as if they’ll push through 5-year highs sometime in June, but if the US winter hits hard and earlier in 4Q this year we might be heading for trouble.