
Inventory builds begin lighter than previous year
May 27, 2020 By Mark Rachal
Inventory builds were late in starting this year, and now that they have, last week’s data showed they can be lighter than normal.
Read MoreInventory builds were late in starting this year, and now that they have, last week’s data showed they can be lighter than normal.
Read MorePropane industry leaders are beginning to take notice and consider what recent market dynamics might mean for propane supply this winter.
Read MorePropane is trading at a record high relative value to WTI crude, which suggests traders see propane fundamentals as more supportive of its price.
Read MoreAs citizens sheltered in place, there was a dramatic shift in crude demand, leading to an extreme oversupply that has most available crude storage nearing capacity.
Read MoreUnder the current situation where crude is oversupplied on a global basis, U.S. propane supply fundamentals are becoming more price-supportive.
Read MoreThe price of crude has rebounded a little since, but the potential for it to go lower is still present due to demand destruction from COVID-19 and producers not cooperating to limit production.
Read MoreIn this week’s Trader’s Corner, we are going to take a closer look at U.S. propane production. Quite simply, too much production has been the reason that propane prices are under 40 cents at the hubs and near modern-day lows in relative value to WTI crude.
Read MoreA report from the U.S. Energy Information Administration (EIA) reminded us of just how similar the current supply…
Read MoreThis past Wednesday, the Energy Information Administration released its Weekly Petroleum Status Report, showing data collected for the week ending Dec. 6.
Read MoreA wealth of propane-specific information came out of this year’s Winter Fuels Outlook, released by the U.S. Energy Information Administration.
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