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U.S. propane exports have increased every year since 2007
U.S. propane exports averaged a record 1.8 million barrels per day (b/d) in 2024, the most since we began collecting this data in 1973. U.S. propane exports increased for each of the last 17 years, with growth driven by higher demand in East Asia, mainly China, and a widening propane price differential between U.S. and global benchmarks. Propane is consumed globally in the residential and commercial sectors for uses such as space heating. It’s also used as a petrochemical feedstock to produce propylene and ethylene, key feedstocks in plastic production. Record U.S. propane production has supported the rise in ... (full story)
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- Posted: Mar 13, 3:18pm (43 hr ago)
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 79
