Media: LP Gas Magazine

About Mark Rachal

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Posts by Mark Rachal

Growth in US propane supply exceeding demand Posted on 18 Feb 2019 in the Blue Flame Blog categories.

Propane’s relative value to WTI crude has been falling this year. Comparing propane’s value to crude’s value is an excellent way to determine the strength or weakness of propane fundamentals.... Read more»

US propane exports drop significantly Posted on 11 Feb 2019 in the Blue Flame Blog categories.

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. Read more»

How US sanctions on Venezuala may impact propane prices Posted on 04 Feb 2019 in the Blue Flame Blog categories.

The U.S. government's decision to proceed with imposing sanctions on Venezuelan state-owned oil and natural gas company PDVSA could raise prices on 20 million barrels of U.S. crude products, and potentially hurt U.S. economic growth. Read more»

Propane export growth waning despite higher production levels Posted on 29 Jan 2019 in the Blue Flame Blog categories.

Last year, propane supply growth exceeded propane export demand by about 25 million barrels, which provides an essential headwind for propane prices. Going forward, the key question for propane pricing is if the imbalance will continue. Read more»

Propane supply engine remains revved up Posted on 21 Jan 2019 in the Blue Flame Blog categories.

If the propane supply engine does not slow down, prices will be under downward pressure to encourage more domestic consumption and exports. Read more»

Propane production hits record high, could cap upside price potential Posted on 14 Jan 2019 in the Blue Flame Blog categories.

U.S. propane production surged at the end of 2018, which contributed to the recent weakness in propane prices and likely capped upside price potential. Read more»

Crude outlook more bearish, latest analysis shows Posted on 07 Jan 2019 in the Blue Flame Blog categories.

Results from a recent survey of crude analysts show a significantly more bearish bias for crude for 2019. Learn more about this year's predictions. Read more»

Rebound in crude prices unlikely; retailers can ‘wait for a signal’ Posted on 24 Dec 2018 in the Blue Flame Blog categories.

Unless something dramatically changes for propane fundamentals, it is difficult to picture a rebound in propane prices without a rebound in crude prices. Read more»

US propane reflective of crude’s prices vs. fundamentals Posted on 17 Dec 2018 in the Blue Flame Blog categories.

Adequate propane production and supply is keeping propane prices heavily tied to the fortunes of crude’s price. The chart above plots Mont Belvieu LST propane’s price in cents per gallon... Read more»

US propane exports average more than 1 million bpd Posted on 10 Dec 2018 in the Blue Flame Blog categories.

U.S. propane inventory has been declining at an above-average pace over the last few weeks. Find out more about the two factors contributing to the inventory decline. Read more»