Production

SIMON SAYS: So Dad, why did they build those import terminals on the east coast?

Submitted by Simon Hill on Thu, 11/28/2019 - 17:00

I hope it’s been a good Thanksgiving for producers, mid-streamers, exporters, consumers, in fact anyone connected with the U.S. NGL business. I was pleased to see that I wasn’t the only one linking propane to Thanksgiving, as I came across a lovely website and a blog produced by Blue Rhino, who appear to be an “exchange of cylinder” driven retailer. Well they have published a blog called “The Beginner’s Guide to the Perfect Thanksgiving Meal”, and in the first paragraph they have mentioned the word “grill” 4 times, just to make sure I have an idea of what’s coming next.

SIMON SAYS: Are we reading too much into numbers that tell us very little anyway?

Submitted by Simon Hill on Sun, 11/17/2019 - 17:00

On Friday I decided to try and explain what lays behind the EIA’s weekly inventory numbers, the numbers they know, and the ones they don’t. Although there is a degree of uncertainty regarding production, at least there was a number we could decipher, as there also was for imports and exports, but that’s about where it all stopped. I mentioned we had to make a lot of assumptions, the biggest one being U.S. domestic propane demand. Are we getting it right or wrong?

SIMON SAYS: Has Saudi LPG Production Just Gone Up In Smoke

Submitted by Simon Hill on Sun, 09/15/2019 - 17:00

The power struggle in the Middle East may well have taken a new and more immediate twist, potentially sending huge shockwaves through the oil markets once the weekend is over and electronic trading commences Sunday evening. As a result, the whole international LPG complex faces a major jolt, not only on the back of any spike in crude oil pricing but also potentially as a result of production cutbacks in Saudi Arabia.