Small Inventory Build, Global Unrest in Crude
Posted on April 18, 2018
INVENTORIES: Propane added 100,000/bbls to national inventory levels, which now sit at 35.9M/bbls.   National stocks were at 39.6M/bbls one year ago and ended April at 39.7M/bbls.  We saw a draw on inventories of...
Propane Buzz Morning Headlines
Posted on April 16, 2018
MILITARY STRIKES ON SYRIA:  Over the weekend, the United States was part of a coordinated set of military strikes on specific Syrian targets, along with the UK and France.  This was in response to...
Crude Oil Trumping Propane Fundamentals
Posted on April 12, 2018
Even though national propane inventories are below 36M/bbls and over 4M/bbls lower right now than where they were one year ago, the ‘mood’ in the trading community has not been fearful. We just made...
Propane Draws 400K/bbls As Cold Spring Continues
Posted on April 11, 2018
The EIA reported a 400,000/bbl draw on propane inventories, which followed last week’s 600,000/bbl build. Today’s report was for the week ending 4/6/2018. National inventory levels are back down to 35.8M/bbls, where they were...
Propane Draws 1.2 As Impressive March Demand Continues
Posted on March 28, 2018
Propane inventories drew down 1.2M/bbls for the week ending 3/23, according to the EIA report released Wednesday morning. Exports dropped off from 1.041M/bpd to 886,000/bpd, but year over year propane inventory levels as well...
Propane Draws 2.1M; March Stronger Demand Than Expected
Posted on March 21, 2018
Propane inventories drew down 2.1M/bbls for the week ending 3/16, according to today’s EIA report. Exports have been strong as of late, and the drop in American propane values over the past few weeks...
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