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Crude, Propane Values Keep Risingby Jon Miller on June 1, 2021 at 6:03 pm
Spot propane prices are three to four cents stronger this morning than where they ended last week. Crude oil values closed at $66.32 last week and are trading near $69/bbl in early morning action today and propane is following.
Line 5 Deadline Looms, Industry Should take Noteby Jon Miller on May 3, 2021 at 4:48 pm
Not a great deal of new in the headlines this morning, but there is a looming date that propane people should be aware of and monitor. That date is May 12th, the date that Michigan’s governor has given (demanded?) Enbridge …
NEW Propane Buzzcast: Talking Price Projections & Moreby Jon Miller on April 30, 2021 at 4:40 pm
It’s been an interesting month of April already on the propane price front. We’ve seen a twenty cent drop only to see prices claw back. We have been telling you for months that volatility is the new norm, and this …
EIA: Small Build, Do Numbers Tell Us Something?by Jon Miller on April 28, 2021 at 4:51 pm
Propane inventories saw a 500,000/bbl build this week, compared to a 600,000/bbl draw one year ago this week. Inventory levels remain in the lower portion of the seven year historical range, as seen in the graph below. Here is the …
Propane Buzz for April 26th, 2021by Jon Miller on April 26, 2021 at 5:12 pm
n his weekly look at petroleum related activity in the hedge fund space, John Kemp writes that fund positions remained rangebound. From the linked item: “Cautious production increases by OPEC+ and a strong business cycle upturn have encouraged bullish sentiment about downward …
Looking Back to Help Us See Forwardby Jon Miller on April 22, 2021 at 5:14 pm
Yesterday’s EIA report showed propane inventories to be at 40.5M/bbls nationally. Here is where we were for the same reporting week in each of the past seven years: 2021: 40.5 2020: 57.4 2019: 57.8 2018: 35.7 2017: 39.6 2016: 71.2 …
EIA: Second Highest Weekly Export Total Leads to Drawby Jon Miller on April 21, 2021 at 5:15 pm
Propane inventories saw a 100,000/bbl draw this week, compared to a 600,000/bbl build one year ago this week. Inventory levels remain in the lower portion of the seven year historical range, as seen in the graph below. Exports were very …
EIA: 5.2M/bbl Draw, Record Drawdown Pace Continuesby Jon Miller on February 24, 2021 at 4:02 pm
Propane inventories drew 5.2M/bbls for the week ending February 19th, 2021 and now stand at 43.5M/bbls. This puts the current inventory level at a nearly identical pace to that of the 2017-2018 season, which saw national inventories at 43.3M/bbls for the same week of the year, which is the lowest inventory level for this time of year in at least the past seven years, with next week's EIA's likely to show another considerable drawdown.
Propane Buzzcast: Propane Prices Soaring, What is Next?by Jon Miller on January 19, 2021 at 3:44 pm
Jon Miller and Chris Cox of The Propane Buzz recorded their latest installment of The Propane Buzzcast to discuss rising propane prices, the aspects behind them and what might be ahead.
Propane Inventories Drawing at Fastest Pace on Recordby Jon Miller on January 13, 2021 at 4:25 pm
Propane draws 6.7M/bbls, record cold temps in Asia is helping to spur a steep rise in US Propane prices and we are on a pace for the largest in-year drawdown ever.