Page 8 - july-august 2020

from the executive director’s desk

NPGA Supply Webinar: Preparing for Peak Demand

July 21st at 1 PM Central

REGISTER HERE

ver the last few months, many and refineries consequently ramping back
marketers reported to NPGA that production
you were experiencing challenges This webinar will focus on preparing
O in securing supply for the upcoming for peak demand With
harvest and winter NPGA’s Propane Supply current crude prices and
and Logistics Committee and NPGA staff drilling budgets slashed,
investigated these concerns and determined associated gas production
that for the first time in recent memory, it numbers have been down,
has become a “seller’s market” for propane, creating a decreased
notwithstanding the dramatic increase in supply of propane Global
propane production over the last decade petrochemical demand
This appears to be the result of a number of is also down, but exports
factors, including: relatively low crude oil and have risen Potentially
natural gas prices; declining rig counts for markets could become
both oil and gas; the Saudi Arabia-Russian tighter this year - uLisa Hillu
dispute leading to the world being awash with especially if we have
crude oil; the subsequent drop in oil prices; the a cold Winter or have
dramatic COVID-induced declines in demand logistics difficulty getting propane in the right
TANK_ALABAMA_AD_1.qxp_Layout 1 8/8/19 1:57 PM Page 1
for motor gasoline, jet fuel, and diesel fuel; markets at the right time.■

• Tank Inspections • Pump Rebuilds
• Tank Repairs • Meter Repairs
• Tank Changeouts • Replacement Parts

601-574-TANK

[ 8265 ]
www.tankservicesllc.com

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8 Alabama Propane Gas Association | July / August 2020