Propane inventory gets much-needed build
August 2, 2022 By Mark Rachal
Mark Rachal, director of research and publications with Cost Management Solutions, discusses the latest propane inventory builds.
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Mark Rachal, director of research and publications with Cost Management Solutions, discusses the latest propane inventory builds.
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Trader’s Corner, a weekly partnership with Cost Management Solutions, analyzes propane supply and pricing trends. This week, Mark Rachal, director of research and publications, explains why gasoline demand will influence the price of crude.
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Mark Rachal with Cost Management Solutions discusses the impact of the recent explosion at the ONEOK Medford, Oklahoma, fractionation plant.
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Mark Rachal, director of research and publications for Cost Management Solutions, examines why prices between Mont Belvieu and Conway are closing.
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This week, Mark Rachal, director of research and publications, explains why a small shift in propane price strength is worth noting.
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Propane’s price may get to the point of curbing the demand from PDH units, but most analysts don’t think that is happening anytime soon.
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Despite high inventory levels at the propane trading hubs currently, we remain concerned about the potential for local market supply shortages during high winter demand periods.
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Cost Management Solutions saw prices move outside of the benchmarks for both crude and propane in the weeks after it shared its current short-term benchmarks with readers.
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As fate would have it, propane pushed above 50.2 percent of WTI crude and 48 cents over the past week.
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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.
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