Is there an opportunity in the propane market?
March 11, 2024 By Mark Rachal
Propane prices have been declining since the middle of February. The market feels bearish – and with good reason.
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Propane prices have been declining since the middle of February. The market feels bearish – and with good reason.
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Pembina Pipeline Corp. entered an agreement in December to acquire all of Enbridge’s interests in the Alliance, Aux Sable and NRGreen joint ventures.
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The U.S. Energy Information Administration began forecasting spot prices at Mont Belvieu with its September Short-Term Energy Outlook.
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A rapid increase in U.S. propane exports to Asia in recent years contributed to the U.S. reaching a record export level of 1.7 million barrels per day in March.
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In this week’s Trader’s Corner, Mark Rachal with Cost Management Solutions reviews propane inventory changes and weather pattern shifts.
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In this week’s Trader’s Corner, Mark Rachal from Cost Management Solutions evaluates the data showing refineries are making less fuel-use propane.
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In this week’s Trader’s Corner, Mark Rachal from Cost Management Solutions analyzes why petrochemicals’ use of propane is cooling.
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Phillips 66 received an international certification for its Sweeny Refinery in Texas to process oil made from waste plastics into feedstocks for new plastics.
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The residential price of propane was slightly above the previous five-year average to start the winter heating season, but its price has remained flat since.
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