Posts by Mark Rachal
The more the industry can bill and operate like a utility company and move away from the buy-and-mark-up model of a service station, the better. Read more»
The Federal Reserve Bank of Dallas released the results of a survey of oil industry executives last week. The survey found that 66 percent of the 154 executives surveyed believe that U.S. crude production has peaked. Read more»
For the week ending Sept. 4, U.S. propane inventory was at 97.380 million barrels - a record high for this time of year and 5.424 million barrels below its all-time high. Read more»
Cost Management Solutions' benchmark prices are at 50 cents per gallon for Mont Belvieu LST and $42 per barrel for WTI crude, but there is potential for a drop. Read more»
The EIA reported a surprising and unusual draw of 41,000 barrels in U.S. propane inventory, which came when industry analysts expected a 2.31 million-barrel build. Read more»
Developments in crude production and pricing should be watched carefully to see how that translates to propane production and pricing leading up to winter. Read more»
Cost Management Solutions saw prices move outside of the benchmarks for both crude and propane in the weeks after it shared its current short-term benchmarks with readers. Read more»
Over the last few Trader’s Corners, we have established some benchmarks for crude and propane. We have discussed at length why we feel $40 is the price for West Texas... Read more»
As fate would have it, propane pushed above 50.2 percent of WTI crude and 48 cents over the past week. Read more»
Propane fundamentals changed in 2020, causing the inventory overhang to be eliminated and pushing propane to the 50/50 marks. Read more»
