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LPG Report: Middle East going South?

Summary

US Mont Belvieu (TET) propane found support in the fortnight ending 11 Feb, climbing from 84.50c/gal on 28 Jan to above 89c/gal on 11 Feb. Expectations of colder weather in the coming two weeks have supported expectations of heating demand in the US, with the National Weather Service predicting colder-than-normal temperatures across the US Eastern coast, Gulf Coast and the US Midcontinent between 17 and 25 February.

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.