
Defining and analyzing speculative propane positions
June 19, 2017 By Mark Rachal and Dale Delay
A majority of traders are in the propane business in some way, shape or form.
Read MoreA majority of traders are in the propane business in some way, shape or form.
Read MorePropane inventory has increased 10.774 million barrels since its first build for this year, which occurred during the week ending April 21.
Read MoreLast week, the Energy Information Administration reported U.S. propane inventory increased 3.446 million barrels.
Read MoreU.S. crude inventory is falling and that is helping fuel the recent uptrend in crude prices.
Read MorePropane prices have been falling since mid-April as weakening export economics worry traders.
Read MoreLast year, only slightly more than 20 percent of U.S. propane came from the refining of crude oil.
Read MoreNearly 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 MoreFor the week ending March 31, the U.S. Energy Information Administration reported a 1.213-million-barrel draw in U.S. propane inventory.
Read MoreU.S. propane prices are hammered when propane inventory data doesn’t line up with industry expectations.
Read MoreIn 2016, U.S. refineries only provided 20.67 percent of the total fuel-use propane supply of 1.461 million barrels per day (bpd).
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