Expectations for propane pricing relative to crude
June 10, 2020 By Mark Rachal
Mark Rachal looks at the relationship between propane and crude, and what to expect going forward based on that relationship.
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Mark Rachal looks at the relationship between propane and crude, and what to expect going forward based on that relationship.
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Under the current situation where crude is oversupplied on a global basis, U.S. propane supply fundamentals are becoming more price-supportive.
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Recently, there have been significant threats to crude supplies, but crude markets have remained relatively calm. Crude prices…
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Propane’s relative value to WTI crude has been falling this year. Comparing propane’s value to crude’s value is…
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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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