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 The Organization of the Petroleum Exporting Countries projects demand for its crude will average 32.83 million barrels per day in 2018.
Read More Propane’s relative value to West Texas Intermediate (WTI) crude, the U.S. benchmark crude, continues to rise.
Read More 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 There has been a significant shift in propane’s fundamental condition over the last few years.
Read More 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 Last week, the Energy Information Administration reported U.S. propane inventory increased 3.446 million barrels.
Read More U.S. crude inventory is falling and that is helping fuel the recent uptrend in crude prices.
Read More Last year, only slightly more than 20 percent of U.S. propane came from the refining of crude oil.
Read More For the week ending March 31, the U.S. Energy Information Administration reported a 1.213-million-barrel draw in U.S. propane inventory.
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