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Posted January 29, 2015Today in Energy

Growing U.S. HGL production spurs petrochemical industry investment ›

Between 2014 and 2018, U.S. petrochemical capacity expansion projects are projected to increase domestic demand for ethane by nearly 600,000 barrels per day (bbl/d) and propane by nearly 200,000 bbl/d. This growing demand is in response to growing domestic hydrocarbon gas liquids (HGL) supply and favorable petrochemical feedstock prices in the United States relative to the international market. More

Source: U.S. Energy Information Administration


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Data Highlights

WTI crude oil futures price

1/28/2015: $44.45/bbl

down$3.33 from week earlier
down$52.96 from year earlier

Natural gas futures price

1/28/2015: $2.866/mmBtu

down$0.108 from week earlier
down$2.167 from year earlier

Weekly coal production

1/24/2015: 19.887 million tons

up0.526 million tons from week earlier
up0.510 million tons from year earlier

Natural gas inventories

1/23/2015: 2,543 Bcf

down94 Bcf from week earlier
up324 Bcf from year earlier

Crude oil inventories

1/23/2015: 406.7 mmbbl

up8.9 mmbbl from week earlier
up49.1 mmbbl from year earlier


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