Omicron variant resets oil and gas markets
December 2, 2021 By Mark Rachal
In this week’s Trader’s Corner, Mark Rachal, with Cost Management Solutions, discusses how the Omicron variant of COVID-19 has impacted propane prices.
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In this week’s Trader’s Corner, Mark Rachal, with Cost Management Solutions, discusses how the Omicron variant of COVID-19 has impacted propane prices.
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Propane markets are in the midst of a major price correction of around 25 percent and counting, which is very significant.
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Propane buyers and consumers should recognize how quickly the pricing environment could change should winter heating demand finally arrive.
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U.S. propane inventory increased to 73.620 million barrels as of Oct. 15, breaking a concerning downtrend in inventory from the prior two weeks.
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Mark Rachal, director of research and publications at Cost Management Solutions, discusses propane pricing trends and the impact of heating-degree days.
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Despite last week’s inventory draw, propane prices moved lower. Mark Rachal of Cost Management Solutions explains what this means for price protection.
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Mark Rachal of Cost Management Solutions offers steps propane buyers can take to protect themselves from rising propane prices this winter.
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Mark Rachal of Cost Management Solutions says propane fundamentals and crude price outlooks suggest high propane prices are here to stay this winter.
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Propane is currently trading at highs for the year, even taking into consideration the “spike” in Conway prices in February.
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Propane retailers must go into their peak demand period assuming they will continue to see strong competition for the available supply.
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