Posts by Mark Rachal
West Texas Intermediate (WTI) crude is the U.S. benchmark crude. Brent crude has become the benchmark crude for much of the world. In 2012, Brent crude was trading at $25.53... Read more»
As the core winter season approaches, propane inventory levels in Canada are slightly below average. The Canadian inventory position is in stark contrast to the record-high levels of propane inventory... Read more»
Propane inventory has fallen 7.227 million barrels over the last three weeks. That compares to a five-year average decline of 4.402 million barrels for the same three-week period. The well-above-average... Read more»
In last week’s Trader’s Corner, we looked at the propane inventory information released in the Energy Information Administration’s (EIA) Weekly Petroleum Status Report. As we pointed out, domestic demand for... Read more»
The Energy Information Administration’s (EIA) Weekly Petroleum Status Report tracks the rise and fall of U.S. propane inventory. Propane retailers probably watch inventory levels closer than any other data point... Read more»
The Organization of Petroleum Exporting Countries (OPEC) will meet Dec. 4 to discuss its strategies for supporting crude prices. Crude markets will likely experience volatility ahead of that meeting as... Read more»
The Energy Information Administration’s Weekly Petroleum Status Report for the week ending Nov. 13 reported U.S. crude inventory, excluding the Strategic Petroleum Reserve, at 487.286 million barrels. The high for... Read more»
The Energy Information Administration’s (EIA) Weekly Petroleum Status Report for the week ending Nov. 6 reported a 1.563-million-barrel increase in U.S. propane inventory, raising it to a record high of... Read more»
The Energy Information Administration’s (EIA) Weekly Petroleum Status Report for the week ending Oct. 30 shocked traders with reports of an 848,000-barrel increase in U.S. propane inventory. Propane inventory had... Read more»
U.S. refiners are beginning to come out of seasonal maintenance work, which could mean more propane supply for an already oversupplied market. As we mentioned last week in our discussion... Read more»
