LPG Market Outlook: February 2021 production affected by Texas freeze

LPG Market Outlook May 2021 The most recent EIA data on US LPG production shows the impact that the freeze in Texas had on the market. Production in February 2021 was down 24% month-on-month compared to January 2021. The impact of the freeze was relatively short lived and production in March is back to normal. The top graph shows the impact of the freeze on production and the outlook for the year. Even with the lower production for February, US production is forecast to grow by 1%. If February’s production was closer to normal, 2021 growth would be 2.7% year-on-year. Read the full article here.