Posts by Mark Rachal
Under the current situation where crude is oversupplied on a global basis, U.S. propane supply fundamentals are becoming more price-supportive. Read more»
While Saudi Arabia has called an emergency meeting of OPEC+, there is little doubt that U.S. production growth is very likely to slow in the future. Read more»
Retailers could take swap positions each month from now until winter that would allow them to have near the current price next winter. Read more»
The price of crude has rebounded a little since, but the potential for it to go lower is still present due to demand destruction from COVID-19 and producers not cooperating to limit production. Read more»
On Monday, Feb. 9, West Texas Intermediate (WTI) crude’s price fell to an intraday low of $27.34 before closing at $31.13. It had closed the Friday before at $41.28, constituting... Read more»
In this week’s Trader’s Corner, we are going to take a closer look at U.S. propane production. Quite simply, too much production has been the reason that propane prices are under 40 cents at the hubs and near modern-day lows in relative value to WTI crude. Read more»
When prices are as low as they are now, it seems like a good time to consider buys, but propane fundamentals still don’t look very supportive. Read more»
In last week’s Trader’s Corner, we discussed the large 6.172-million-barrel draw in U.S. propane inventory. That huge draw was followed by a 3.013-million-barrel draw in inventory. That is a decline... Read more»
U.S. propane inventory remains near five-year highs, despite an above-average 6.172 million-barrel draw on propane inventory for the week ending Feb. 7. Image: Cost Management Solutions Click to expand. We... Read more»
In recent editions of Trader’s Corner, we discussed the ultra-low price environment for propane, how propane fundamentals have driven prices lower and more. Read more»
