Propane faces support from crude market bullishness
October 30, 2017 By Mark Rachal and Dale Delay
Recently, propane prices have not gone beyond 78 to 80 percent of West Texas Intermediate (WTI) crude’s price.
Read More A look at propane’s current value relative to WTI crude
October 5, 2017 By Mark Rachal and Dale Delay
WTI crude is an important metric because it gives propane retailers a way to evaluate the value of the product they sell. The comparison provides needed guidance when managing the price risks associated with propane supply.
Read More What to expect from changes in the crude price curve
September 18, 2017 By Mark Rachal and Dale Delay
The Organization of the Petroleum Exporting Countries projects demand for its crude will average 32.83 million barrels per day in 2018.
Read More What propane’s value history tells us about the market today
September 5, 2017 By Mark Rachal and Dale Delay
Propane’s relative value to West Texas Intermediate (WTI) crude, the U.S. benchmark crude, continues to rise.
Read More Crude inventory drawdown’s relation to crude production
August 21, 2017 By Mark Rachal and Dale Delay
Crude prices have been volatile throughout the August downtrend. They moved higher from mid-June through July, but dropped from $50.17 to below $47 in August.
Read More Tracking tighter propane conditions, increasing values
July 24, 2017 By Mark Rachal and Dale Delay
There has been a significant shift in propane’s fundamental condition over the last few years.
Read More Petrochemical companies backing away from propane
June 12, 2017 By Mark Rachal and Dale Delay
Propane inventory has increased 10.774 million barrels since its first build for this year, which occurred during the week ending April 21.
Read More Propane’s relative value to crude continues to set five-year highs
June 5, 2017 By Mark Rachal and Dale Delay
Last week, the Energy Information Administration reported U.S. propane inventory increased 3.446 million barrels.
Read More US crude export opportunities leading to inventory drawdown
May 22, 2017 By Mark Rachal and Dale Delay
U.S. crude inventory is falling and that is helping fuel the recent uptrend in crude prices.
Read More US refinery utilization, throughput kick into high gear
May 1, 2017 By Mark Rachal and Dale Delay
Last year, only slightly more than 20 percent of U.S. propane came from the refining of crude oil.
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