Will the U.S. have enough propane to carry the country through a cold 2018-2019 winter?
With the bulk of the April to September summer build season still to come, this may still seem to be an academic question. So far, most of the market seems to be rather blasé about the fact that the U.S. finished the 2017-2018 winter heating season with the cavern fill gauges nearly on empty and the nation facing growing export demand.
Yet some industry watchers and market participants shared concerns this week with Energy Transport Insider about the market’s complacency.
A big reason for the complacency is that liquefied petroleum gas (LPG) production rates are forecast to increase over 2018...