Over the past five weeks, propane production has been down. Mark Rachal takes a look at the scoreboard for U.S. propane inventory levels compared to prices. Read more»

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 more»

Propane’s more supportive fundamental picture will keep it from falling to the extremely low values witnessed at the beginning of the year. Read more»

Propane is trading at a record high relative value to WTI crude, which suggests traders see propane fundamentals as more supportive of its price. Read more»

As 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 more»

The oversupply in crude is leading to reduced propane supply, which is causing the value of the two commodities to separate. Read more»

Under the current situation where crude is oversupplied on a global basis, U.S. propane supply fundamentals are becoming more price-supportive. Read more»

While Saudi Arabia has called an emergency meeting of OPEC+, there is little doubt that U.S. production growth is very likely to slow in the future. Read more»

Retailers could take swap positions each month from now until winter that would allow them to have near the current price next winter. Read more»

The 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 more»