US propylene inventory sets 5-year high
March 11, 2019 By Mark Rachal and Dale Delay
The propane inventory number reported each week by the Energy Information Administration also includes propylene. Propylene is a…
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The propane inventory number reported each week by the Energy Information Administration also includes propylene. Propylene is a…
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October has turned out to be quite frightening for crude and propane bulls. The upward momentum that had been prevalent since April came to a screaming halt.
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It has been some time since we have written on the backwardation and contango market structures. Based on…
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Throughout last week, Mont Belvieu’s price correction deepened and its value relative to crude continued to deteriorate.
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The pricing pattern for March and May turned out to be very similar, but April was a little different.
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U.S. propane production is much higher than domestic propane demand, leaving propane exports to play the role of balancing U.S. supply with demand.
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Propane prices saw a significant change in April. Get more details on this shift.
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This year, domestic demand has remained high due to a long winter heating season, when compared to recent winters.
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Last Wednesday the EIA reported that U.S. propane inventory stood at 35.872 million barrels for the week ending April 13.
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The U.S. Energy Information Administration reported U.S. domestic demand for propane at 1.496 million barrels per day (bpd) for the week ending April 6.
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