Media: LP Gas Magazine

About Mark Rachal

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Posts by Mark Rachal

Inventory grows as supply outpaces demand Posted on 15 Apr 2019 in the Blue Flame Blog categories.

April is when we make the transition from monitoring heating-degree days and the impact of winter weather to more closely monitoring propane inventory to see how it is accumulating for... Read more»

Propane’s value declining due to supply imbalance Posted on 02 Apr 2019 in the Blue Flame Blog categories.

In Trader’s Corner, we have written extensively about the high growth rate in propane supply compared to the slower growth in propane exports and domestic demand. This week’s Trader’s Corner... Read more»

U.S. propane supply, export imbalance weighs on prices Posted on 26 Mar 2019 in the Blue Flame Blog categories.

In this week’s Trader’s Corner, we revisit a topic that we have discussed numerous times this year: the growth in U.S. propane production compared to propane exports. There is new... Read more»

Midwest propane inventory levels continue to drop Posted on 18 Mar 2019 in the Blue Flame Blog categories.

Midwest propane inventory fell below 10 million barrels for the week ending March 8. This comes after a 1.324-million-barrel drop. Midwest inventory is now 742,000 barrels less than it was... Read more»

US propylene inventory sets 5-year high Posted on 11 Mar 2019 in the Blue Flame Blog categories.

The propane inventory number reported each week by the Energy Information Administration also includes propylene. Propylene is a non-fuel used in the petrochemical industry primarily to make polypropylene, which is... Read more»

Propane’s relative value on the downswing Posted on 04 Mar 2019 in the Blue Flame Blog categories.

Propane values continue to retreat against WTI crude, which reflects weaker fundamental conditions for propane. Read more»

WTI prices remain low compared to Brent, other benchmark crudes Posted on 25 Feb 2019 in the Blue Flame Blog categories.

The price spread between U.S. benchmark West Texas Intermediate (WTI) crude and global benchmark Brent crude is increasing. U.S. propane and other natural gas liquids (NGL) values are closely tied to the value of crude. Read more»

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»