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About Mark Rachal

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Posts by Mark Rachal

Propane inventory builds to record high for this time of year Posted on 18 Sep 2020 in the Blue Flame Blog categories.

For the week ending Sept. 4, U.S. propane inventory was at 97.380 million barrels - a record high for this time of year and 5.424 million barrels below its all-time high. Read more»

Crude prices trend downward as demand growth stalls Posted on 09 Sep 2020 in the Blue Flame Blog categories.

Cost Management Solutions' benchmark prices are at 50 cents per gallon for Mont Belvieu LST and $42 per barrel for WTI crude, but there is potential for a drop. Read more»

Propane market surprised by inventory draw Posted on 25 Aug 2020 in the Blue Flame Blog categories.

The EIA reported a surprising and unusual draw of 41,000 barrels in U.S. propane inventory, which came when industry analysts expected a 2.31 million-barrel build. Read more»

Don’t be overly bearish about propane just yet Posted on 19 Aug 2020 in the Blue Flame Blog categories.

Developments in crude production and pricing should be watched carefully to see how that translates to propane production and pricing leading up to winter. Read more»

Adjusting benchmarks for crude, propane prices Posted on 11 Aug 2020 in the Blue Flame Blog categories.

Cost Management Solutions saw prices move outside of the benchmarks for both crude and propane in the weeks after it shared its current short-term benchmarks with readers. Read more»

Benchmarks and deciding when to ‘look before you leap’ Posted on 03 Aug 2020 in the Blue Flame Blog categories.

Over the last few Trader’s Corners, we have established some benchmarks for crude and propane. We have discussed at length why we feel $40 is the price for West Texas... Read more»

Propane price pushes past previous benchmarks Posted on 28 Jul 2020 in the Blue Flame Blog categories.

As fate would have it, propane pushed above 50.2 percent of WTI crude and 48 cents over the past week. Read more»

Propane trends near 50 cents per gallon, 50 percent of WTI crude value Posted on 21 Jul 2020 in the Blue Flame Blog categories.

Propane fundamentals changed in 2020, causing the inventory overhang to be eliminated and pushing propane to the 50/50 marks. Read more»

Crude demand expected to recover by 2022 Posted on 10 Jul 2020 in the Blue Flame Blog categories.

Crude demand is expected to decline 8 percent this year, increase 6 percent next year and fully recover in 2022. Read more»

Propane production on rebound as refinery throughput increases Posted on 29 Jun 2020 in the Blue Flame Blog categories.

U.S. propane production has been on the rise over the past few weeks, putting a lid on propane prices. A key reason that propane inventories have dropped from over 19... Read more»