Natural gas prices have been rising rapidly since mid-November. Winter weather is a key factor in driving prices to their highest level since December 2014.
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The major news last week was the conclusion of the ballyhooed meeting by the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria.
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A look at U.S. propane supplies from natural gas processing plants shows that output is higher than last year.
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For the week ending Oct. 28, EIA’s Weekly Petroleum Status Report revealed U.S. crude inventory increased by a record-high 14.42 million barrels.
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Propane inventory fell three weeks in a row, but traders remain calm. Find out why.
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For the week ending Oct. 14, the Energy Information Administration (EIA) reported a 1.246-million-barrel draw in U.S. propane inventory.
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EIA changed its methodology for collecting data on exports, including propane, in an effort to try and make its weekly estimates more accurate.
Read More Last week, the Energy Information Administration (EIA) reported U.S. crude inventory fell 2.976 million barrels.
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This past week, the U.S. Energy Information Administration (EIA) reported U.S. propane inventory increased 1.963 million barrels.
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Propane industry experts weigh in on the key factors that should drive available propane supply this winter.
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