What’s causing a big jump in propane inventory?
For the week ending Sept. 1, the U.S. Energy Information Administration (EIA) reported a 6.346-million-barrel build in U.S. propane inventory.
View ArticleWhat to expect from changes in the crude price curve
The Organization of the Petroleum Exporting Countries projects demand for its crude will average 32.83 million barrels per day in 2018.
View ArticleExtreme events put inventory in unusual situations
Propane prices increased after the Energy Information Administration reported U.S. propane inventory fell 1.377 million barrels for the week ending Sept. 15.
View ArticleA look at propane’s current value relative to WTI crude
WTI crude is an important metric because it gives propane retailers a way to evaluate the value of the product they sell. The comparison provides needed guidance when managing the price risks...
View ArticleExamining a tough three weeks for propane inventory
It has been a tough three weeks for propane inventories, as the typical period of inventory build nears its end.
View ArticleTraders’ position conflicts with Midwest price movement
As winter approaches, the Midwest, like the rest of the nation, has propane inventory levels that are below the five-year average and well below last year's.
View ArticleWhat happens when petchems shy away from propane?
With winter approaching, the most recent data shows petrochemical companies shying away from propane as a feedstock.
View ArticlePropane faces support from crude market bullishness
Recently, propane prices have not gone beyond 78 to 80 percent of West Texas Intermediate (WTI) crude’s price.
View ArticleFuel-use propane production, its effect on supply/demand
U.S. propane supply is growing, but not as much as in past years.
View ArticleWeighing the risks associated with locking in propane prices
Relative to West Texas Intermediate's crude price, Mont Belvieu is valued at 76 percent, while Conway is valued at 73 percent.
View ArticlePropane’s relative value to crude facing upward winter pressure
Propane prices often go through a bit of a slump between the middle of October and the Thanksgiving holiday.
View ArticleProducers extend deal to limit production. So what’s next?
Major producers, including OPEC countries and Russia, agreed to extend the production quotas implemented in January through the end of 2018.
View ArticleWhat propane retailers should expect from early winter build
U.S. propane retailers got an early Christmas present when the EIA reported a surprise 1.316-million-barrel build in U.S. propane inventory.
View ArticleGrowing propane supplies adding stability to the market
Propane supply gets less attention than demand, but is more important in setting the pricing environment.
View ArticleLower domestic propane demand offset by exports
It is difficult to believe, but domestic propane demand is running slightly below last year’s levels for the same time of year.
View ArticleWhy are US crude inventories falling when they are normally building?
At this time of year, we expect refinery throughput to be lower. However, inventory has continued to fall this winter at a sharp pace.
View ArticlePropane supplied from natural gas processing jumps
U.S. propane production from natural gas processing plants jumped in October 2017, according to the latest data from the U.S. Energy Information Administration.
View ArticlePropane prices retreat despite strong domestic demand
U.S. propane prices have returned to where they began the winter – in a price decline that has surprised many, given strong domestic demand support.
View ArticleSeeking opportunity to secure supplies, lock prices next winter
It is now the homestretch for winter, but forecasts for a cold February mean there is much work still to be done.
View ArticleFavorable relative value for Mont Belvieu, Conway propane
Cost Management Solutions' Mark Rachal takes a look at propane’s relative value to crude and how it is trending compared with last year.
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