Propane trends near 50 cents per gallon, 50 percent of WTI crude value
July 21, 2020 By Mark Rachal
Propane fundamentals changed in 2020, causing the inventory overhang to be eliminated and pushing propane to the 50/50 marks.
Read More Propane pricing will hinge on crude production
June 23, 2020 By Mark Rachal
Producers voluntarily shut production during April, and the associated natural gas liquids loss dramatically impacted propane fundamentals.
Read More How the crude war could impact propane prices
April 9, 2020 By Mark Rachal
While Saudi Arabia has called an emergency meeting of OPEC+, there is little doubt that U.S. production growth is very likely to slow in the future.
Read More US may become swing producer due to shifting crude prices
March 24, 2020 By Mark Rachal
The price of crude has rebounded a little since, but the potential for it to go lower is still present due to demand destruction from COVID-19 and producers not cooperating to limit production.
Read More Determining OPEC, crude’s impact on propane values
March 5, 2018 By Mark Rachal and Dale Delay
Any forecast on propane prices begins with trying to determine where crude will be priced.
Read More Why are US crude inventories falling when they are normally building?
January 8, 2018 By Mark Rachal and Dale Delay
At this time of year, we expect refinery throughput to be lower. However, inventory has continued to fall this winter at a sharp pace.
Read More Producers extend deal to limit production. So what’s next?
December 4, 2017 By Mark Rachal and Dale Delay
Major producers, including OPEC countries and Russia, agreed to extend the production quotas implemented in January through the end of 2018.
Read More 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 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 we can expect from where the price of crude is headed
August 7, 2017 By Mark Rachal and Dale Delay
The market has determined that production controls by producers cannot, by themselves, balance supply and demand enough to bring down global crude inventory.
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