
US crude export opportunities leading to inventory drawdown
May 22, 2017 By Mark Rachal and Dale Delay
U.S. crude inventory is falling and that is helping fuel the recent uptrend in crude prices.
Read MoreU.S. crude inventory is falling and that is helping fuel the recent uptrend in crude prices.
Read MoreThere was a little less nervousness last week after the EIA’s weekly inventory data finally showed a significant build in U.S. propane inventory.
Read MorePropane prices have been falling since mid-April as weakening export economics worry traders.
Read MoreLast year, only slightly more than 20 percent of U.S. propane came from the refining of crude oil.
Read MoreThe way last winter ended helps to form the foundation for Mike Sloan’s propane market outlook, which he presented at the NPGA Propane Expo.
Read MoreNearly 80 percent of U.S. propane production came from natural gas processing last year. Natural gas production is the engine that drives natural gas supply.
Read MoreFor the week ending March 31, the U.S. Energy Information Administration reported a 1.213-million-barrel draw in U.S. propane inventory.
Read MoreBy now, almost everyone knows that the Organization of the Petroleum Exporting Countries and other major crude-producing nations have reduced their production.
Read MoreU.S. propane prices are hammered when propane inventory data doesn’t line up with industry expectations.
Read MoreIn 2016, U.S. refineries only provided 20.67 percent of the total fuel-use propane supply of 1.461 million barrels per day (bpd).
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