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.
Read More Comparing imports, exports and propane’s relative value to crude
May 12, 2020 By Mark Rachal
Propane’s more supportive fundamental picture will keep it from falling to the extremely low values witnessed at the beginning of the year.
Read More COVID-19 adds to propane supply and price uncertainty
May 7, 2020 By Brian Richesson
Even before COVID-19 became a force in the market, Mark Rachal of Cost Management Solutions began to notice some erosion in the growth of propane supply.
Read More Propane fundamentals supportive of prices
May 5, 2020 By Mark Rachal
Propane is trading at a record high relative value to WTI crude, which suggests traders see propane fundamentals as more supportive of its price.
Read More Discussing crude collapse, propane pricing and supply with Mark Rachal
April 27, 2020 By Sarah Peecher
In addition to crude’s collapse, Rachal discusses the propane pricing and supply environment. COVID-19 will have a greater impact on propane supply than it will on propane demand, he says.
Read More 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.
Read More Trajectory of refinery throughput to impact propane production
April 14, 2020 By Mark Rachal
Under the current situation where crude is oversupplied on a global basis, U.S. propane supply fundamentals are becoming more price-supportive.
Read More How the crude war could impact propane prices
April 9, 2020 By Mark Rachal
While Saudi Arabia has called an emergency meeting of OPEC+, there is little doubt that U.S. production growth is very likely to slow in the future.
Read More 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.
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Reviewing natural gas’ relationship to propane
December 2, 2019 By Mark Rachal
Natural gas fundamentals are very important for propane retailers to monitor, since 80 percent of propane supply comes from natural gas processing.
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