Propane trends near 50 cents per gallon, 50 percent of WTI crude value
July 21, 2020 By Mark Rachal
Propane fundamentals changed in 2020, causing the inventory overhang to be eliminated and pushing propane to the 50/50 marks.
Read More Determining OPEC, crude’s impact on propane values
March 5, 2018 By Mark Rachal and Dale Delay
Any forecast on propane prices begins with trying to determine where crude will be priced.
Read More Why are US crude inventories falling when they are normally building?
January 8, 2018 By Mark Rachal and Dale Delay
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 Producers extend deal to limit production. So what’s next?
December 4, 2017 By Mark Rachal and Dale Delay
Major producers, including OPEC countries and Russia, agreed to extend the production quotas implemented in January through the end of 2018.
Read More Propane faces support from crude market bullishness
October 30, 2017 By Mark Rachal and Dale Delay
Recently, propane prices have not gone beyond 78 to 80 percent of West Texas Intermediate (WTI) crude’s price.
Read More What to expect from changes in the crude price curve
September 18, 2017 By Mark Rachal and Dale Delay
The Organization of the Petroleum Exporting Countries projects demand for its crude will average 32.83 million barrels per day in 2018.
Read More What we can expect from where the price of crude is headed
August 7, 2017 By Mark Rachal and Dale Delay
The market has determined that production controls by producers cannot, by themselves, balance supply and demand enough to bring down global crude inventory.
Read More US crude export opportunities leading to inventory drawdown
May 22, 2017 By Mark Rachal and Dale Delay
U.S. crude inventory is falling and that is helping fuel the recent uptrend in crude prices.
Read More US refinery utilization, throughput kick into high gear
May 1, 2017 By Mark Rachal and Dale Delay
Last year, only slightly more than 20 percent of U.S. propane came from the refining of crude oil.
Read More How US crude production is offsetting OPEC’s cuts
April 3, 2017 By Mark Rachal and Dale Delay
By now, almost everyone knows that the Organization of the Petroleum Exporting Countries and other major crude-producing nations have reduced their production.
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