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 MoreThe Organization of the Petroleum Exporting Countries projects demand for its crude will average 32.83 million barrels per day in 2018.
Read MorePropane’s relative value to West Texas Intermediate (WTI) crude, the U.S. benchmark crude, continues to rise.
Read MoreCrude 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 MoreThere has been a significant shift in propane’s fundamental condition over the last few years.
Read MorePropane inventory has increased 10.774 million barrels since its first build for this year, which occurred during the week ending April 21.
Read MoreLast week, the Energy Information Administration reported U.S. propane inventory increased 3.446 million barrels.
Read MoreU.S. crude inventory is falling and that is helping fuel the recent uptrend in crude prices.
Read MoreLast year, only slightly more than 20 percent of U.S. propane came from the refining of crude oil.
Read MoreFor the week ending March 31, the U.S. Energy Information Administration reported a 1.213-million-barrel draw in U.S. propane inventory.
Read MoreSince Feb. 23, West Texas Intermediate crude has been in a downward price trend.
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