Abundant Middle East supplies drag Asia LPG prices lower ahead of winter
September 16, 2022 Comments Off
Rising Middle East supply since May, along with steady exports from the US and Africa ahead of winter, have dragged Asia LPG prices down from 18-year highs in March, shipping and trade data showed. LPG inventory with Middle Eastern producers has been building amid higher OPEC crude production, although this could change as OPEC and allies have decided to cut…
Abundant Middle East supplies drag Asia LPG prices lower ahead of winter
Rising Middle East supply since May, along with steady exports from the US and Africa ahead of winter, have dragged Asia LPG prices down from 18-year highs in March, shipping and trade data showed. LPG inventory with Middle Eastern producers has been building amid higher OPEC crude production, although this could change as OPEC and allies have decided to cut…
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