
Propane price pushes past previous benchmarks
July 28, 2020 By Mark Rachal
As fate would have it, propane pushed above 50.2 percent of WTI crude and 48 cents over the past week.
Read MoreAs fate would have it, propane pushed above 50.2 percent of WTI crude and 48 cents over the past week.
Read MorePropane fundamentals changed in 2020, causing the inventory overhang to be eliminated and pushing propane to the 50/50 marks.
Read MoreThe market data for July focuses on completed liquid pipeline projects. Find out more about this year’s completed projects.
Read MoreEIA projects that, by 2050, energy consumed for space heating will fall whereas energy consumed for air conditioning will rise.
Read MoreProducers voluntarily shut production during April, and the associated natural gas liquids loss dramatically impacted propane fundamentals.
Read MorePropane retailers have had a lot to unpack coming out of the winter heating season and preparing for the next. It’s that preparation for the 2020-21 winter that has received much of the attention from energy market analysts.
Read MoreInventory builds were late in starting this year, and now that they have, last week’s data showed they can be lighter than normal.
Read MorePropane industry leaders are beginning to take notice and consider what recent market dynamics might mean for propane supply this winter.
Read MorePropane is trading at a record high relative value to WTI crude, which suggests traders see propane fundamentals as more supportive of its price.
Read MoreAs citizens sheltered in place, there was a dramatic shift in crude demand, leading to an extreme oversupply that has most available crude storage nearing capacity.
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