Mont Belvieu/Conway price differential declines
November 18, 2019 By Mark Rachal
In this Trader’s Corner, we will focus on the changes in the price relationship between Mont Belvieu and Conway, Kansas, between last year and now.
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In this Trader’s Corner, we will focus on the changes in the price relationship between Mont Belvieu and Conway, Kansas, between last year and now.
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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.
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Last Wednesday, the Energy Information Administration reported that U.S. propane inventory increased 971,000 barrels to 100.641 million barrels….
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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.
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Last week in Trader’s Corner, we took a close look at natural gas production and drilling. Since more…
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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.
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U.S. propane inventory grew nearly 4 million barrels last week as exports remained sluggish for a second week in a row.
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On Wednesday, the Energy Information Administration (EIA) reported a significant drop in U.S. propane exports for the week ending Aug. 9.
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A big change in the U.S. propane supply demand balance between 2018 and 2019 has driven prices sharply lower.
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