Propane prices on uptrend with improved fundamentals
January 9, 2017 By Mark Rachal and Dale Delay
Propane prices have been on a strong uptrend over the past year as fundamental conditions improve.
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Propane prices have been on a strong uptrend over the past year as fundamental conditions improve.
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The price difference between the Mont Belvieu and Conway has tightened considerably over the last month and a half.
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The major news last week was the conclusion of the ballyhooed meeting by the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria.
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Propane has become a more expensive Btu over the summer, relatively speaking.
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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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Last week’s big news was the Organization of the Petroleum Exporting Countries’ decision to curb its production in an effort to support sagging crude prices.
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Most of us in the propane industry focus on propane and crude fundamentals to provide guidance on the…
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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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