Posts by Mark Rachal
Crude demand is expected to decline 8 percent this year, increase 6 percent next year and fully recover in 2022. Read more»
U.S. propane production has been on the rise over the past few weeks, putting a lid on propane prices. A key reason that propane inventories have dropped from over 19... Read more»
Producers voluntarily shut production during April, and the associated natural gas liquids loss dramatically impacted propane fundamentals. Read more»
Mark Rachal looks at the relationship between propane and crude, and what to expect going forward based on that relationship. Read more»
Over the past five weeks, propane production has been down. Mark Rachal takes a look at the scoreboard for U.S. propane inventory levels compared to prices. Read more»
Inventory builds were late in starting this year, and now that they have, last week’s data showed they can be lighter than normal. Read more»
Propane’s more supportive fundamental picture will keep it from falling to the extremely low values witnessed at the beginning of the year. Read more»
Propane is trading at a record high relative value to WTI crude, which suggests traders see propane fundamentals as more supportive of its price. Read more»
As citizens sheltered in place, there was a dramatic shift in crude demand, leading to an extreme oversupply that has most available crude storage nearing capacity. Read more»
The oversupply in crude is leading to reduced propane supply, which is causing the value of the two commodities to separate. Read more»
