February 2021 drop in U.S. ethane demand was largest monthly decline on record

In February 2021, extremely cold winter weather in the Gulf Coast region resulted in outages at most petrochemical plants in the area, causing the largest monthly decline in demand for ethane feedstock on record. Ethane consumption (we use product supplied as a proxy for consumption) in February dropped 654,000 barrels per day (b/d) from January 2021 to a total of 1.21 million b/d. This level was the lowest level of ethane consumption since October 2017, when the U.S. Gulf Coast was recovering from the impacts of Hurricane Harvey.
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