Fundamentals should keep prices well above last year’s low levels
The growth in propane supply has been extraordinary, especially from 2012 to 2015. However, the growth in supply has slowed dramatically.
View ArticleSpeculative bulls contribute to crude selloff
Since Feb. 23, West Texas Intermediate crude has been in a downward price trend.
View ArticleRefineries see gain in 2016 propane output as gas plant supply growth wanes
In 2016, U.S. refineries only provided 20.67 percent of the total fuel-use propane supply of 1.461 million barrels per day (bpd).
View ArticleTight propane inventory deserves more attention than weekly expectations
U.S. propane prices are hammered when propane inventory data doesn't line up with industry expectations.
View ArticleUS propane inventory situation intensifies after going against industry...
For the week ending March 31, the U.S. Energy Information Administration reported a 1.213-million-barrel draw in U.S. propane inventory.
View ArticleFalling natural gas production affects propane supply
Nearly 80 percent of U.S. propane production came from natural gas processing last year. Natural gas production is the engine that drives natural gas supply.
View ArticleUS refinery utilization, throughput kick into high gear
Last year, only slightly more than 20 percent of U.S. propane came from the refining of crude oil.
View ArticleExport demands have slowed, but US inventories lack growth
Propane prices have been falling since mid-April as weakening export economics worry traders.
View ArticleUS crude export opportunities leading to inventory drawdown
U.S. crude inventory is falling and that is helping fuel the recent uptrend in crude prices.
View ArticlePropane’s relative value to crude continues to set five-year highs
Last week, the Energy Information Administration reported U.S. propane inventory increased 3.446 million barrels.
View ArticlePetrochemical companies backing away from propane
Propane inventory has increased 10.774 million barrels since its first build for this year, which occurred during the week ending April 21.
View ArticleDefining and analyzing speculative propane positions
A majority of traders are in the propane business in some way, shape or form.
View ArticleUS propane production on the rise in 2017
Growth in U.S. propane production has slowed from the breakneck pace of recent years, but it's still on the rise in 2017.
View ArticleTracking tighter propane conditions, increasing values
There has been a significant shift in propane’s fundamental condition over the last few years.
View ArticleReacting to a surprisingly light US propane inventory build
For the week ending July 21, the U.S. Energy Information Administration surprised markets by reporting just a 200,000-barrel build in U.S. propane inventory.
View ArticleWhat we can expect from where the price of crude is headed
The market has determined that production controls by producers cannot, by themselves, balance supply and demand enough to bring down global crude inventory.
View ArticleMonitoring inventory levels and domestic, export demand
Propane inventory dynamics are definitely in a state of flux. At this point, traders are still trying to figure out what is the new normal.
View ArticleCrude inventory drawdown’s relation to crude production
Crude prices have been volatile throughout the August downtrend. They moved higher from mid-June through July, but dropped from $50.17 to below $47 in August.
View ArticleHurricane Harvey’s potential impact on Texas Gulf Coast
All eyes are on Hurricane Harvey, which is bearing down on the Texas Gulf Coast.
View ArticleWhat propane’s value history tells us about the market today
Propane’s relative value to West Texas Intermediate (WTI) crude, the U.S. benchmark crude, continues to rise.
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