Winter Distillate and Propane Outlook
Distillate Prices Increasing With Crude Oil
Distillate Supply/Demand Balance Reflected in Spreads
Distillate Stocks are Low – Especially on the East Coast
Distillate Stocks Are Important Part of East Coast Winter Supply
Warm Winters Held Heating Oil Demand Down While Diesel Grew
Distillate Demand Strong in December 1999
Dec 1999 & Jan 2000 Production Fell, But Rebounded with Price
More Supply Possible This Fall than Forecast
Unusual Net Imports May Only Be Available At A High Price
Distillate Stocks Expected to Remain Low
Winter Crude Oil and Distillate Price Outlook
Conclusion
Propane Prices Follow Crude Oil
Propane Demand is Highly Seasonal, But Fresh Supply is Not
Propane Sector Demand Shares
U.S. Propane Demand Jan-May
U.S. Propane Production by Source
Waterborne Imports Fall
Exports of Propane High in 2000
U.S. Propane Net Imports Jan-May
U.S. Propane Stocks
PAD District II Stocks (Midwest)
Propane Stocks Are Important Part of Midwest Winter Supply
Email: jshore@eia.doe.gov
Home Page: www.eia.doe.gov
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