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 U.S. crude inventory is falling and that is helping fuel the recent uptrend in crude prices.
Read More Last year, only slightly more than 20 percent of U.S. propane came from the refining of crude oil.
Read More By now, almost everyone knows that the Organization of the Petroleum Exporting Countries and other major crude-producing nations have reduced their production.
Read More The U.S. Energy Information Administration showed a 9.527-million-barrel build in U.S. crude inventory for the week ending Feb. 10.
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United States crude production increased 17,000 bpd last week. That put total U.S. production at 8.961 million bpd.
Read More 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 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 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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Crude and propane prices are in the midst of a very strong run. Anytime a market has been…
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