Monday, January 23, 2012

Oversupply to persist in N Sea propane market despite sales to petrochemicals

The North Sea propane market is considered oversupplied despite sales into the petrochemicals sector, as per Platts. North Sea propane is historically used as a heating fuel during the winter period, but this winter the lack of a sustained period of cold weather has reduced requirements for the heating sector and left some unplaced cargoes over the end January-early February period.

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