MassiveIndustry

(Wed, 16 Mar 2016) U.S. liquid fuels production increased from 7.43 million barrels per day (b/d) in 2008 to 13.75 million b/d in 2015. However, the Short-Term Energy Outlook (STEO) expects liquid fuels production to decline to 12.99 million b/d in 2017, mainly as a result of prolonged low oil prices. The liquid fuels production forecast reflects a 1.24 million b/d decline in crude oil production by 2017 that is partially offset by a 450,000 b/d increase in the production of hydrocarbon gas liquids (HGL)?a group of products including ethane, propane, butane (normal and isobutane), natural gasoline, and refinery olefins. This analysis will discuss the outlook for each of these four HGL streams and related infrastructure projects through 2017.