Posts by Mark Rachal
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 associated with propane supply. Read more»
Propane prices increased after the Energy Information Administration reported U.S. propane inventory fell 1.377 million barrels for the week ending Sept. 15. Read more»
The Organization of the Petroleum Exporting Countries projects demand for its crude will average 32.83 million barrels per day in 2018. Read more»
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. Read more»
Propane’s relative value to West Texas Intermediate (WTI) crude, the U.S. benchmark crude, continues to rise. Read more»
All eyes are on Hurricane Harvey, which is bearing down on the Texas Gulf Coast. Read more»
Crude prices have been volatile throughout the August downtrend. They moved higher from mid-June through July, but dropped from $50.17 to below $47 in August. Read more»
Propane inventory dynamics are definitely in a state of flux. At this point, traders are still trying to figure out what is the new normal. Read more»
The market has determined that production controls by producers cannot, by themselves, balance supply and demand enough to bring down global crude inventory. Read more»
For the week ending July 21, the U.S. Energy Information Administration surprised markets by reporting just a 200,000-barrel build in U.S. propane inventory. Read more»
