US crude production offsets other production cuts
January 30, 2017 By Mark Rachal and Dale Delay
United States crude production increased 17,000 bpd last week. That put total U.S. production at 8.961 million bpd.
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The effects of OPEC’s production controls on pricing
December 5, 2016 By Mark Rachal and Dale Delay
The major news last week was the conclusion of the ballyhooed meeting by the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria.
Read More The effect of OPEC’s production cut on crude, propane prices
October 3, 2016 By Mark Rachal and Dale Delay
Last week’s big news was the Organization of the Petroleum Exporting Countries’ decision to curb its production in an effort to support sagging crude prices.
Read More Propane fundamentals at play in absence of strong crude rebound
August 1, 2016 By Mark Rachal and Dale Delay
Crude prices in the United States and around the world are in a sharp decline. Find out what this means for propane prices.
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Rising Cushing crude inventory could end crude, propane rally
May 16, 2016 By Mark Rachal and Dale Delay
Crude and propane prices are in the midst of a very strong run. Anytime a market has been […]
Read More Cushing crude inventory a weight for propane prices
January 11, 2016 By Mark Rachal and Dale Delay
Five months ago, Goldman Sachs forecasted that crude prices could drop to $20 per barrel if the Organization […]
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Global crude markets continue to adjust to OPEC’s new role in production
January 4, 2016 By Mark Rachal and Dale Delay
West Texas Intermediate (WTI) crude is the U.S. benchmark crude. Brent crude has become the benchmark crude for […]
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