Posts by Mark Rachal
There was a little less nervousness last week after the EIA's weekly inventory data finally showed a significant build in U.S. propane inventory. Read more»
Propane prices have been falling since mid-April as weakening export economics worry traders. Read more»
Last year, only slightly more than 20 percent of U.S. propane came from the refining of crude oil. Read more»
Nearly 80 percent of U.S. propane production came from natural gas processing last year. Natural gas production is the engine that drives natural gas supply. Read more»
For the week ending March 31, the U.S. Energy Information Administration reported a 1.213-million-barrel draw in U.S. propane inventory. Read more»
By now, almost everyone knows that the Organization of the Petroleum Exporting Countries and other major crude-producing nations have reduced their production. Read more»
U.S. propane prices are hammered when propane inventory data doesn't line up with industry expectations. Read more»
In 2016, U.S. refineries only provided 20.67 percent of the total fuel-use propane supply of 1.461 million barrels per day (bpd). Read more»
Since Feb. 23, West Texas Intermediate crude has been in a downward price trend. Read more»
The growth in propane supply has been extraordinary, especially from 2012 to 2015. However, the growth in supply has slowed dramatically. Read more»
