Propane inventory back over 100 million barrels
October 7, 2019 By Mark Rachal
Last Wednesday, the Energy Information Administration reported that U.S. propane inventory increased 971,000 barrels to 100.641 million barrels….
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Last Wednesday, the Energy Information Administration reported that U.S. propane inventory increased 971,000 barrels to 100.641 million barrels….
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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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On Wednesday, the Energy Information Administration (EIA) reported a significant drop in U.S. propane exports for the week ending Aug. 9.
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A big change in the U.S. propane supply demand balance between 2018 and 2019 has driven prices sharply lower.
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Recently, there have been significant threats to crude supplies, but crude markets have remained relatively calm. Crude prices…
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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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Crude oil prices are moving higher with the potential for carrying propane prices along for the ride. There…
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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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