What to Expect in 2021 and Beyond
NGLS April 2020 LPG Market Update following OPEC+ decision
NGLS 2020 Market Update: Response to Q1 Events

What Does 2019 Hold for the Propane & Butane Market?

The black swan events of 2020 have radically transformed the energy markets including LPG global supply/demand and trade. After the recent decision from OPEC+ to curb crude oil production by 9.7 mmb/d, the global LPG trade expectation for 2020 transformed once again, with less LPG available for exports which in turn is expected to destroy demand further. NGLStrategy has updated the view of global LPG exports following two recent updates in December 2019 and March 2020. Based on this:
NGLStrategy has updated it’s 2020 view on global LPG trade expectations as crude oil production is curbed from May onwards. With less LPG available for exports both East and West, demand in some sectors is expected to be destroyed. Which sectors, the level of reduction in Middle East and US exports and the resulting influence of such cuts on pricing and shipping are explored in our April Market Update report.
To find out more, contact us to receive further information about the update report or set up a market call with our consultants/analysts to discuss about the recent changes and how they can affect your business – email: info@nglstrategy.com
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