Tagged Posts for Lpg-ngl
US-Mexico Energy Trade Drops 21% in 2024 as Crude Imports Decline
The value of energy trade between the U.S. and Mexico in 2024 dropped to its lowest level since 2020 amid falling fuel prices and reduced Mexican oil output, according to a recent report from the U.S. Energy Information Administration using data from the U.S. Census Bureau. Read More
Indian NOCs Seek Inaugural US Term LPG Using OPIS Mont Belvieu Price
State-run refiners Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. have jointly issued the first-ever Indian term tender seeking U.S.-origin LPG cargoes using OPIS Mont Belvieu prices for 2026 delivery, according to a tender document dated Friday. Read More
China Approves Underground Propane Cavern in Ningbo as Bonded Warehouse
China has approved the 2 million cubic meter underground propane cavern operated by Ningbo Baidinian Liquefied Petroleum Gas, a subsidiary of Matheson Energy, as a bonded warehouse, according to a news article published on the Ningbo Customs website on Sept. 10. Read More
OPIS Forum: China’s Primary Energy Consumption Forecast to Grow at Slower Rate
China’s primary energy consumption is expected to maintain its growth momentum till around 2040, albeit at a decelerating pace, according to Sinopec Economics and Development Research Institute at the OPIS Energy and Chemicals Forum in Singapore on Wednesday. Read More
Asia’s LPG Cracking to Fall in October Amid Rising Prices: OPIS Poll
Asia’s flexible crackers are set to reduce LPG cracking volumes in October, as prices climb on stronger demand from Chinese importers following the U.S.-China tariff pause extension, the latest monthly OPIS cracking survey shows. Read More
US-China LPG Trade Flows to Recover in September: Sources
U.S.-origin LPG cargo flows into China are expected to recover next month amid easing uncertainties among Chinese buyers following the Aug. 11 announcement of a tariff truce extension, market sources said. Read More
Asia’s LPG Market Raises Concerns Over Methanol Content in Cargoes
LPG market participants in Asia are raising quality concerns over a growing number of propane cargoes with high levels of methanol—a contaminant which poses risks to operations in the propane dehydrogenation sector. Read More
Asia’s LPG Cracking to Rise in September Despite Trade Tensions: OPIS Poll
Asia’s flexible crackers are set to increase LPG cracking volumes in September, driven by lower prices and ample regional supply, despite renewed trade tensions sparked by new U.S. tariffs across multiple countries, according to the latest monthly OPIS cracking survey. Read More
Asia’s LPG Market Slows Further on Price Increase, Continued Uncertainty
Asia's LPG market activity has slowed even further this week, as non-Chinese importers retreat in response to rising prices and persistent uncertainty following the inconclusive U.S.-China trade talks in Stockholm, trade sources said. Read More
Will European Refinery Run Rises Boost Diesel Yields and Support Margins?
The International Energy Agency’s July Oil Market Report says that European refinery throughput in July 2025 is projected to be 11.3 million barrels/day, up from 11 million b/d in June and 10.9 million b/d in May. The IEA added “the current strong margin environment and rising crude supplies increase the chances that runs will surprise to the upside in the coming months.” Read More
Middle East Gulf LPG Exports Hit Quarterly Record High
Liquefied petroleum gas (LPG) exports from the Middle East Gulf climbed to a record high in the second quarter of the year, exceeding the previous high by 12.9%, data from shipping analytics firm Vortexa showed. Read More
Enterprise Reveals Potential Easing of Curbs on Ethane Exports to China
New York-listed midstream major Enterprise Products Partners disclosed late Wednesday that Washington would allow it to load ethane cargoes destined for China at its Houston Ship Channel docks. But Enterprise or its cargo counterparties will not be able to discharge these shipments in China "without further authorization." Read More