
What propane’s value history tells us about the market today
September 5, 2017 By Mark Rachal and Dale Delay
Propane’s relative value to West Texas Intermediate (WTI) crude, the U.S. benchmark crude, continues to rise.
Read MorePropane’s relative value to West Texas Intermediate (WTI) crude, the U.S. benchmark crude, continues to rise.
Read MoreAll eyes are on Hurricane Harvey, which is bearing down on the Texas Gulf Coast.
Read MoreCrude prices have been volatile throughout the August downtrend. They moved higher from mid-June through July, but dropped from $50.17 to below $47 in August.
Read MorePropane inventory dynamics are definitely in a state of flux. At this point, traders are still trying to figure out what is the new normal.
Read MoreThe market has determined that production controls by producers cannot, by themselves, balance supply and demand enough to bring down global crude inventory.
Read MoreFor the week ending July 21, the U.S. Energy Information Administration surprised markets by reporting just a 200,000-barrel build in U.S. propane inventory.
Read MoreThere has been a significant shift in propane’s fundamental condition over the last few years.
Read MoreGrowth in U.S. propane production has slowed from the breakneck pace of recent years, but it’s still on the rise in 2017.
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.
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