LPG Market Outlook
The significant increase in LPG prices across the world is being driven by the geopolitical factors affecting crude oil prices rather than pure LPG market fundamentals. The underlying LPG market fundamentals point to much lower and more stable prices despite what is being seen in markets today. Global LPG supplies are expected to rise by 6% in 2022 and 5% in 2023 as higher crude prices incentivize larger oil and gas production in the Middle East and the US.
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