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...
Propane Draws 2.3M/bbls, Levels Lower Than 2017
Posted on March 14, 2018
The EIA reported a 2.3M/bbl draw in propane stocks for the week ending 3/9/2018. This put national propane inventories at 38.8M/bbls, which surpasses the 39.7M/bbl low point we hit coming out of last season....
Price Disagreements Within OPEC?
Posted on March 12, 2018
Late last week, I wrote a post titled ‘The Rise of Propane Production: The Sequel’.  We have seen a strong increase in propane production over the past year and I laid out a case...
The Rise of Propane Production: The Sequel?
Posted on March 7, 2018
Think back, if you will, to late 2013 and then 2014. Crude oil prices traded between $93/bbl – $108/bbl.  Crude traded north of $100/bbl more often than not in 2014 up until the last...
Propane Draws 1.6M/bbls
Posted on March 7, 2018
Propane stocks dipped another 1.6M/bbls through the week ending March 2nd, according to the recently released EIA report. Once again, the internals of the report don’t make a lot of sense to me, which...
Propane Sees Small Draw as February Goes Torch
Posted on February 28, 2018
The EIA Data for the week ending February 23rd, 2018 showed a draw on stocks of just 400,000/bbls. This was in line with a 500,000/bbl draw one year ago for the same week, and...
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