U.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 More At this time of year, we expect refinery throughput to be lower. However, inventory has continued to fall this winter at a sharp pace.
Read More It is difficult to believe, but domestic propane demand is running slightly below last year’s levels for the same time of year.
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Propane supply gets less attention than demand, but is more important in setting the pricing environment.
Read More U.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 More Major producers, including OPEC countries and Russia, agreed to extend the production quotas implemented in January through the end of 2018.
Read More Propane prices often go through a bit of a slump between the middle of October and the Thanksgiving holiday.
Read More Relative to West Texas Intermediate’s crude price, Mont Belvieu is valued at 76 percent, while Conway is valued at 73 percent.
Read More U.S. propane supply is growing, but not as much as in past years.
Read More Recently, propane prices have not gone beyond 78 to 80 percent of West Texas Intermediate (WTI) crude’s price.
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