Posts by Mark Rachal
On Monday, Feb. 9, West Texas Intermediate (WTI) crude’s price fell to an intraday low of $27.34 before closing at $31.13. It had closed the Friday before at $41.28, constituting... Read more»
In 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 more»
When prices are as low as they are now, it seems like a good time to consider buys, but propane fundamentals still don’t look very supportive. Read more»
In last week’s Trader’s Corner, we discussed the large 6.172-million-barrel draw in U.S. propane inventory. That huge draw was followed by a 3.013-million-barrel draw in inventory. That is a decline... Read more»
U.S. propane inventory remains near five-year highs, despite an above-average 6.172 million-barrel draw on propane inventory for the week ending Feb. 7. Image: Cost Management Solutions Click to expand. We... Read more»
In recent editions of Trader’s Corner, we discussed the ultra-low price environment for propane, how propane fundamentals have driven prices lower and more. Read more»
In this issue of Trader's Corner, Cost Management Solutions takes a look at how and why propane prices rebounded from January 2016 through October 2018. Read more»
In recent weeks, Trader’s Corner has looked at the reasons for the ultra-low price environment that has developed for U.S. propane. We have explored what happened with propane prices during... Read more»
As propane inventory rises, prices tend to fall, and as inventory falls, prices tend to rise. But we also noted some exceptions. Read more»
Propane inventory positions are a reflection of all underlying fundamental conditions, such as production, imports, exports and domestic demand. Read more»
