In this week’s Trader’s Corner, we are going to take a closer look at U.S. propane production. Quite simply, too much production has been the reason that propane prices are under 40 cents at the hubs and near modern-day lows in relative value to WTI crude.
Read More A report from the U.S. Energy Information Administration (EIA) reminded us of just how similar the current supply…
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This past Wednesday, the Energy Information Administration released its Weekly Petroleum Status Report, showing data collected for the week ending Dec. 6.
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A wealth of propane-specific information came out of this year’s Winter Fuels Outlook, released by the U.S. Energy Information Administration.
Read More Increased exports of propane and distillate offset decreased exports of all other petroleum products in the first half of 2019, according to the U.S. Energy Information Administration.
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The U.S. Energy Information Administration’s (EIA) Winter Fuels Outlook predicts households using propane will spend 15 percent less this season.
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The propane industry is confident that winter heating demand will be met amid the land and sea logistical challenges that lie ahead.
Read More Last Wednesday, the Energy Information Administration reported that U.S. propane inventory increased 971,000 barrels to 100.641 million barrels….
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For the week ending Sept. 20, the U.S. Energy Information Administration reported a major jump in U.S. propane demand of 743,000 barrels per day.
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U.S. crude production continues to rise, reaching a record high of 12.5 million barrels per day during the week that ended Aug. 23.
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