Traders remain calm despite three straight draws
October 31, 2016 By Mark Rachal and Dale Delay
Propane inventory fell three weeks in a row, but traders remain calm. Find out why.
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Propane inventory fell three weeks in a row, but traders remain calm. Find out why.
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EIA changed its methodology for collecting data on exports, including propane, in an effort to try and make its weekly estimates more accurate.
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Higher projected U.S. household winter propane expenditures compared to last year and soaring U.S. propane inventory highlight the U.S. Energy Information Administration’s (EIA) annual Winter Fuels Outlook, released Thursday, Oct. 13.
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This past week, the U.S. Energy Information Administration (EIA) reported U.S. propane inventory increased 1.963 million barrels.
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Data from the National Energy Board of Canada shows inventory has moved slightly above the five-year average and is nearing where it was at this time last year.
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The reduction in export activity from the Gulf Coast is showing up in inventory levels, reports Cost Management Solutions.
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Current inventory stands in stark contrast to the way it was trending at the beginning of the year, reports Cost Management Solutions.
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This past week, the Energy Information Administration surprised propane markets by reporting just a 78,000-barrel increase in U.S. propane inventory.
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Propane prices in the United States have fallen into a downtrend since the middle of May, reports Cost Management Solutions in the June 6 issue of Trader’s Corner.
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For several weeks, the Energy information Administration has reported above-average inventory builds. However, the builds have not been…
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