Timing and opportunity
January 21, 2020 By Mark Rachal
As propane inventory rises, prices tend to fall, and as inventory falls, prices tend to rise. But we also noted some exceptions.
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As propane inventory rises, prices tend to fall, and as inventory falls, prices tend to rise. But we also noted some exceptions.
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Weekly estimates from the Energy Information Administration show a robust U.S. propane export market. Exports have been above…
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Propane supply was outpacing propane export and domestic demand this spring, which caused inventory to rise, putting downward pressure on prices.
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In this week’s Trader’s Corner, we revisit a topic that we have discussed numerous times this year: the…
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Propane’s relative value to WTI crude has been falling this year. Comparing propane’s value to crude’s value is…
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High rates of propane production, high inventory levels and relatively soft growth in propane exports have created a bearish fundamental situation for propane that could continue beyond winter.
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For the week ending July 27, propane exports were up 143,000 barrels per day from the previous week.
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Understanding the ebb and flow of propane exports is vital for propane retailers.
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In July, U.S. propane exports kicked into higher gear.
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Mariner East 1 pipeline came back online and propane exports to Asian countries were on the rise in 2017.
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