Posts by Mark Rachal
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»
The premium Mont Belvieu propane carried over Conway propane this summer has shrunk considerably this fall. Conway propane was much lower than Mont Belvieu propane last winter. As the price... Read more»
Until growth in propane export demand starts looking comparable to growth in production, propane inventory should hold up well. Read more»
Propane retailers that only use price to try to steal customers are among the worst opportunity buyers. Read more»
Throughout the summer, we monitor inventory builds very carefully and provide data and analysis in our daily reports. By this time of year, we usually start monitoring heating degree-days and... Read more»
The October sell-off in propane seems to show that players in the propane market are not worried about supply. On Nov. 1, Mont Belvieu LST propane closed at 82 cents,... Read more»
October has turned out to be quite frightening for crude and propane bulls. The upward momentum that had been prevalent since April came to a screaming halt. Read more»
It has been some time since we have written on the backwardation and contango market structures. Based on comments we hear, we thought it would be good to review these... Read more»
Throughout last week, Mont Belvieu’s price correction deepened and its value relative to crude continued to deteriorate. Read more»
Last week, Mont Belvieu LST (MB) propane prices experienced the first significant downward move since mid-August, dropping 6.75 cents Oct. 2-4. The pullback came after MB set a new high... Read more»
