The U.S. supply equation continues to be dominated by the shale gas boom. This means more associated gas production and supply in the producing basins.
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Last week, U.S. crude production hit 11 million barrels per day for the first time ever.
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Over the last year, propane has been pulled higher by rising crude prices since propane’s relative value is not keeping up with the rise in crude’s price.
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Export activity in July and its resulting impact on U.S. inventory builds should be very interesting to monitor.
Read More For the foreseeable future, it appears Conway is going to be overwhelmed by supply.
Read More Propane prices saw a significant change in April. Get more details on this shift.
Read More Propane’s relative value to West Texas Intermediate crude is already slightly below the low end of the range we expected for this summer.
Read More As the impacts of winter demand wane this time of year, it is not unusual to see Conway prices move toward the weak side.
Read More Cost Management Solutions’ Mark Rachal takes a look at propane’s relative value to crude and how it is trending compared with last year.
Read More It is now the homestretch for winter, but forecasts for a cold February mean there is much work still to be done.
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