The irony of Canadian exports
May 23, 2024 By Brian Richesson
Canada’s propane export industry has continued to grow over the past four years, notably in areas outside the U.S.
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								Canada’s propane export industry has continued to grow over the past four years, notably in areas outside the U.S.
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								With a La Niña, cold waters in the Pacific Ocean push the jet stream northward, affecting the weather in and around the United States.
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								This week, Cost Management Solutions’ Mark Rachal takes a closer look at the current market and the recent inventory build.
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								In preparation for next winter, Mark Rachal focuses on the buying plan for a propane retailer that will be executed over the next couple of months.
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								Mark Rachal, director of research and publications with Cost Management Solutions, examines why natural gas production is slowing and how it will impact propane.
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								As production has increased over the past few weeks, so have propane inventories.
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								U.S. propane exports averaged a record 1.9 million barrels per day in December 2023 – the highest since the EIA began collecting the data in 1973.
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								Mark Rachal, director of research and publications for Cost Management Solutions, delves into the impact of propane exports on the recent price increases.
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								Mark Rachal, director of research and publications, explains how the Energy Information Administration’s new data point will benefit propane industry members.
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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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