Despite high inventory levels at the propane trading hubs currently, we remain concerned about the potential for local market supply shortages during high winter demand periods.
Read More The more the industry can bill and operate like a utility company and move away from the buy-and-mark-up model of a service station, the better.
Read More In an interview with LP Gas, Mark Rachal of Cost Management Solutions advises that retailers stay ahead of the game on propane cost and supply when considering the upcoming winter.
Read More The Federal Reserve Bank of Dallas released the results of a survey of oil industry executives last week. The survey found that 66 percent of the 154 executives surveyed believe that U.S. crude production has peaked.
Read More For the week ending Sept. 4, U.S. propane inventory was at 97.380 million barrels – a record high for this time of year and 5.424 million barrels below its all-time high.
Read More Cost Management Solutions’ benchmark prices are at 50 cents per gallon for Mont Belvieu LST and $42 per barrel for WTI crude, but there is potential for a drop.
Read More As fate would have it, propane pushed above 50.2 percent of WTI crude and 48 cents over the past week.
Read More Propane fundamentals changed in 2020, causing the inventory overhang to be eliminated and pushing propane to the 50/50 marks.
Read More Crude demand is expected to decline 8 percent this year, increase 6 percent next year and fully recover in 2022.
Read More Producers voluntarily shut production during April, and the associated natural gas liquids loss dramatically impacted propane fundamentals.
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