High rates of propane production, high inventory levels and relatively soft growth in propane exports have created a bearish fundamental situation for propane that could continue beyond winter.
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U.S. propane inventory increased very lightly last week. Find out why.
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This year, domestic demand has remained high due to a long winter heating season, when compared to recent winters.
Read More Last Wednesday the EIA reported that U.S. propane inventory stood at 35.872 million barrels for the week ending April 13.
Read More Propane’s relative value to West Texas Intermediate crude is already slightly below the low end of the range we expected for this summer.
Read More Last week, the U.S. Energy Information Administration reported U.S. propane inventory had fallen to 36.759 million barrels for the week ending March 16.
Read More U.S. propane production from natural gas processing plants jumped in October 2017, according to the latest data from the U.S. Energy Information Administration.
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The EIA says these new measures, established in response to industry and stakeholder concerns, should provide additional information so propane dealers and customers can plan adequately.
Read More U.S. propane retailers got an early Christmas present when the EIA reported a surprise 1.316-million-barrel build in U.S. propane inventory.
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As we head into the coming heating season, the embarrassment of being caught “naked” on the supply side is a real concern.
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