
Seeking opportunity to secure supplies, lock prices next winter
February 5, 2018 By Mark Rachal and Dale Delay
It is now the homestretch for winter, but forecasts for a cold February mean there is much work still to be done.
Read MoreIt is now the homestretch for winter, but forecasts for a cold February mean there is much work still to be done.
Read MoreU.S. propane prices have returned to where they began the winter – in a price decline that has surprised many, given strong domestic demand support.
Read MoreU.S. propane production from natural gas processing plants jumped in October 2017, according to the latest data from the U.S. Energy Information Administration.
Read MoreAt this time of year, we expect refinery throughput to be lower. However, inventory has continued to fall this winter at a sharp pace.
Read MoreIt is difficult to believe, but domestic propane demand is running slightly below last year’s levels for the same time of year.
Read MorePropane supply gets less attention than demand, but is more important in setting the pricing environment.
Read MoreU.S. propane retailers got an early Christmas present when the EIA reported a surprise 1.316-million-barrel build in U.S. propane inventory.
Read MoreMajor producers, including OPEC countries and Russia, agreed to extend the production quotas implemented in January through the end of 2018.
Read MorePropane prices often go through a bit of a slump between the middle of October and the Thanksgiving holiday.
Read MoreRelative to West Texas Intermediate’s crude price, Mont Belvieu is valued at 76 percent, while Conway is valued at 73 percent.
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