Propane prices are riding the crude wave
September 4, 2018 By Mark Rachal and Dale Delay
All of the gain in U.S. propane’s value in 2018 can be attributed to the stronger pricing environment for crude.
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All of the gain in U.S. propane’s value in 2018 can be attributed to the stronger pricing environment for crude.
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Aug. 7 began the first phase of U.S. sanctions against Iran.
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Last week, U.S. crude production hit 11 million barrels per day for the first time ever.
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Export activity in July and its resulting impact on U.S. inventory builds should be very interesting to monitor.
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A report from the U.S. Energy Information Administration (EIA) examines U.S. propane’s relationship with world propane prices and crude oil prices.
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Cost Management Solutions’ Mark Rachal takes a look at propane’s relative value to crude and how it is trending compared with last year.
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Propane prices often go through a bit of a slump between the middle of October and the Thanksgiving holiday.
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Propane’s relative value to West Texas Intermediate (WTI) crude, the U.S. benchmark crude, continues to rise.
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Since Feb. 23, West Texas Intermediate crude has been in a downward price trend.
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Propane prices have recently been on a surge. However, those increases in price have been contained to the front month.
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