The US Liquefied Petroleum Gas (LPG) prices have continued to decline during April xxxx despite the high export volume. However, this increased export demand was counteracted by a rise in the domestic supply of LPG due to increased pipeline output. Moreover, the LPG price drop was primarily attributed to a significant decrease in feedstock oil prices, which lowered production costs for LPG drastically and led manufacturers to provide heavy discounts during April xxxx.
Key Takeaways:
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US exports of natural gas liquids, such as butane and propane, have reached all-time highs, accounting for x.x million barrels per day of total NGL exports in April.
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In April xxxx, oil prices fell by x.xx.
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Annex II has exempted taxes from the trade of propane and butane liquefied, notwithstanding the trade war between the United States and China.
As per ChemAnalyst, LPG prices in the USA...
