Propane prices experience strong third-quarter growth, petchem demand tempering

Michael Horvath Jr.In third-quarter 2004, energy and propane prices were extremely strong while petrochemical demand for propane lessened compared to previous quarters. North American spot propane prices surged to more than 80 ¢/gal; Mont Belvieu and Conway, Tex., hit 84.5-85.0¢/gal. West Texas Intermediate (WTI) crude also surged back above $49/bbl.Propane inventories in September increased to more than 67 million bbl. Petrochemical demand moderated at the end of the third quarter to less than 350,000 b/d.Third quarter extraction rates were normal at 525,000 b/d. October natural gas bid week prices will average $5.21/MMbtu on the Texas Gulf Coast.Refinery production experienced...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected