Small shift in propane price strength worth noting
August 24, 2021 By Mark Rachal
This week, Mark Rachal, director of research and publications, explains why a small shift in propane price strength is worth noting.
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This week, Mark Rachal, director of research and publications, explains why a small shift in propane price strength is worth noting.
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Propane’s price may get to the point of curbing the demand from PDH units, but most analysts don’t think that is happening anytime soon.
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Energy Transfer completed its Lone Star Express Pipeline expansion project earlier this year, boosting NGL capacity out of the Permian and Delaware basins.
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President-elect Joe Biden’s outlook on energy is considerably different than outgoing President Donald Trump’s. Mark Rachal explains how.
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The U.S. Energy Information Administration (EIA) is anticipating more space heating demand this winter as more people work or attend school from home.
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Despite high inventory levels at the propane trading hubs currently, we remain concerned about the potential for local market supply shortages during high winter demand periods.
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For the week ending Sept. 4, U.S. propane inventory was at 97.380 million barrels – a record high for this time of year and 5.424 million barrels below its all-time high.
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Cost Management Solutions’ benchmark prices are at 50 cents per gallon for Mont Belvieu LST and $42 per barrel for WTI crude, but there is potential for a drop.
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Cost Management Solutions saw prices move outside of the benchmarks for both crude and propane in the weeks after it shared its current short-term benchmarks with readers.
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Each month, LP Gas provides updates on the U.S. propane market; the data for August 2020 focuses on crude oil and propane price trends.
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