4/6/22: Propane added 700,000/bbls to inventory for the week ending April 1st, 2022…but Michigan is in a potentially dire inventory situation.
3/30/22: Propane inventories showed a small 100,000/bbl build for the week ending March 25th.
Energy markets began the day lower than where things closed yesterday, but pricing has come back as the day has worn on, with WTI now up roughly $1/bbl. The culprit appears to be another attack by Houthi rebels on a Saudi Aramco facility, this time in Jeddah. I am not one for conspiracy theories…but has […]
3/24/22: World oil supply deficit could approach all-time shortfall.
3/23/22: Propane inventories built 300,000/bbls this past week, according to the EIA
3/22/22: Many eyes have been on oil and propane values the past several months, but some experts believe there is an even greater crisis ahead, and that is diesel inventories
3/21/22: Hedge funds sold some products last week over demand destruction concerns
3/17/22: WTI crude oil and refined product prices are skyrocketing again this morning, which is a bit perplexing as yesterday the Fed raised the target for the fed funds rate by a quarter point
3/16/22: Propane stockpiles continue to draw down, this week at 2.2M/bbls
3/15/22: Has the war premium been sold out of energy prices?