Posts by Mark Rachal
There has been a shift in the price relationship between Mont Belvieu propane and Hattiesburg propane over the past year. Read more»
Propane/propylene supply is setting five-year highs with each passing week, but it appears to have peaked at 2.361 million bpd during the week ending Aug. 2. Read more»
Why is this important? The increase in LNG export volumes allows the production of more natural gas. More natural gas production means increased propane supplies. Read more»
Propane’s relative value drops to record lows as winter approaches. Such low valuation reflects record-high production that is overwhelming demand. Read more»
Last Wednesday, the Energy Information Administration reported that U.S. propane inventory increased 971,000 barrels to 100.641 million barrels. The previous week, inventory surprisingly declined by 1.024 million barrels, dropping it... Read more»
For the week ending Sept. 20, the U.S. Energy Information Administration reported a major jump in U.S. propane demand of 743,000 barrels per day. Read more»
Last week in Trader’s Corner, we took a close look at natural gas production and drilling. Since more than 80 percent of propane supply comes from natural gas processing, it... Read more»
Over 80 percent of propane supply comes from natural gas processing. Therefore, to determine the outlook for propane supply, it’s essential to keep up with natural gas production and drilling... Read more»
U.S. propane inventory is very close to breaking its five-year highs. Those inventory highs were set in 2015 and 2016. Click to enlarge. Image: Cost Management Solutions During July, it... Read more»
U.S. crude production continues to rise, reaching a record high of 12.5 million barrels per day during the week that ended Aug. 23. Read more»