Expectations for propane pricing relative to crude
June 10, 2020 By Mark Rachal
Mark Rachal looks at the relationship between propane and crude, and what to expect going forward based on that relationship.
Read More Explaining the basis, catalyst of historic crude price drop
April 28, 2020 By Mark Rachal
As 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.
Read More Propane rallies amid crude pricing struggles
April 23, 2020 By Mark Rachal
The oversupply in crude is leading to reduced propane supply, which is causing the value of the two commodities to separate.
Read More Trajectory of refinery throughput to impact propane production
April 14, 2020 By Mark Rachal
Under the current situation where crude is oversupplied on a global basis, U.S. propane supply fundamentals are becoming more price-supportive.
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Reviewing natural gas’ relationship to propane
December 2, 2019 By Mark Rachal
Natural gas fundamentals are very important for propane retailers to monitor, since 80 percent of propane supply comes from natural gas processing.
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Propane fundamental support may raise prices
May 13, 2019 By Mark Rachal
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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Growth in US propane supply exceeding demand
February 18, 2019 By Mark Rachal
Propane’s relative value to WTI crude has been falling this year. Comparing propane’s value to crude’s value is…
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Taking a deeper look at propane price uncertainty
October 15, 2018 By Mark Rachal and Dale Delay
Throughout last week, Mont Belvieu’s price correction deepened and its value relative to crude continued to deteriorate.
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Propane prices are riding the crude wave
September 4, 2018 By Mark Rachal and Dale Delay
All of the gain in U.S. propane’s value in 2018 can be attributed to the stronger pricing environment for crude.
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Crude drilling slowdown could support propane prices
July 30, 2018 By Mark Rachal and Dale Delay
Last week, U.S. crude production hit 11 million barrels per day for the first time ever.
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