Chart 2: Crude Price and Active U.S. Oil Rigs Click to enlarge Credit: Cost Management Solutions

Evaluating the state of crude prices

July 10, 2023 By Mark Rachal

If crude prices stay where they are or trend higher, it won’t take much improvement in the propane fundamental picture to see a rapid rise in propane’s price.

This article is tagged with Cost Management Solutions, crude prices, crude production, Mark Rachal, propane fundamentals, propane prices, Trader's Corner, U.S. Energy Information Administration (EIA), Ukraine, West Texas Intermediate (WTI) and posted in Blue Flame Blog

How lower crude production affects US propane supply

March 16, 2021 By Mark Rachal

Lower domestic crude production impacts the amount of propane coming from natural gas processing, says Mark Rachal of Cost Management Solutions.

This article is tagged with Cost Management Solutions, crude production, Mark Rachal, NGLs, Trader's Corner and posted in Blue Flame Blog

Decreasing crude supply may hinder propane supply

February 23, 2021 By Mark Rachal

Despite the effects of the coronavirus pandemic, U.S. demand for petroleum products is recovering. Supply, however, is not.

This article is tagged with Cost Management Solutions, crude inventory, crude production, Mark Rachal, Trader's Corner and posted in Blue Flame Blog

Propane production on rebound as refinery throughput increases

June 29, 2020 By Mark Rachal

U.S. propane production has been on the rise over the past few weeks, putting a lid on propane…

This article is tagged with COVID-19, crude production, Mark Rachal, natural gas liquids, propane production, Trader's Corner and posted in Blue Flame Blog

Inventory builds begin lighter than previous year

May 27, 2020 By Mark Rachal

Inventory builds were late in starting this year, and now that they have, last week’s data showed they can be lighter than normal.

This article is tagged with Conway, Cost Management Solutions, crude production, Mark Rachal, Mont Belvieu, U.S. Energy Information Administration (EIA) and posted in Blue Flame Blog

Propane rallies amid crude pricing struggles

April 23, 2020 By Mark Rachal

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

This article is tagged with conocophillips, Conway, Cost Management Solutions, crude production, Mark Rachal, Mont Belvieu, Trader's Corner, West Texas Intermediate (WTI) and posted in Blue Flame Blog

US may become swing producer due to shifting crude prices

March 24, 2020 By Mark Rachal

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.