In the Know: Heating season expectations
April 19, 2018 By Tony Botts
Propane Resources’ Tony Botts explains why or why not this winter lived up to the expectations of propane retailers.
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Propane Resources’ Tony Botts explains why or why not this winter lived up to the expectations of propane retailers.
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The U.S. Energy Information Administration reported U.S. domestic demand for propane at 1.496 million barrels per day (bpd) for the week ending April 6.
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Propane’s relative value to West Texas Intermediate crude is already slightly below the low end of the range we expected for this summer.
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Prices at Mont Belvieu reacted to the fall by increasing from 73 cents per gallon to more than $1 per gallon.
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A report from the U.S. Energy Information Administration (EIA) examines U.S. propane’s relationship with world propane prices and crude oil prices.
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As the impacts of winter demand wane this time of year, it is not unusual to see Conway prices move toward the weak side.
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Cost Management Solutions’ Mark Rachal takes a look at propane’s relative value to crude and how it is trending compared with last year.
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It is now the homestretch for winter, but forecasts for a cold February mean there is much work still to be done.
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U.S. propane prices have returned to where they began the winter – in a price decline that has surprised many, given strong domestic demand support.
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Enterprise Products Partners will also expand its natural gas liquid extraction capabilities by an incremental 40,000 barrels per day (bpd) to 120,000 bpd.
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