August 2020: Crude oil, propane price trends
August 6, 2020 By LP Gas
Each month, LP Gas provides updates on the U.S. propane market; the data for August 2020 focuses on crude oil and propane price trends.
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Each month, LP Gas provides updates on the U.S. propane market; the data for August 2020 focuses on crude oil and propane price trends.
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Over the last few Trader’s Corners, we have established some benchmarks for crude and propane. We have discussed…
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In addition to crude’s collapse, Rachal discusses the propane pricing and supply environment. COVID-19 will have a greater impact on propane supply than it will on propane demand, he says.
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A report from the U.S. Energy Information Administration (EIA) reminded us of just how similar the current supply…
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In this Trader’s Corner, we will focus on the changes in the price relationship between Mont Belvieu and Conway, Kansas, between last year and now.
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U.S. propane inventory grew nearly 4 million barrels last week as exports remained sluggish for a second week in a row.
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May was a bearish month for propane. Falling crude and sluggish fundamentals combined to send propane prices down to multi-year lows.
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Petrochemical companies have been choosing ethane over propane. See what the propane demand decrease means for domestic demand and prices.
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Combined domestic demand and export volumes are not keeping up with increases in propane production. This results in building inventory and falling prices.
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