Gas Market Report
NORTH WEST EUROPE: Large Cargoes: The NWE propane market on large cargoes remains in the doldrums with falling crude and lack of any new demand hampering trade. Reduced imports into the area and maintenance periods at terminals have both combined to reduce the downward trend that could have seen prices below today’s level of the mid $790s. Selective buying for last decade September can still be found but as yet has to match the sellers deliveries on timing. Butane cargoes remain at the relatively high price of mid $860s on the back of tight supply and increased demand for the gasoline production market.
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