Propane Buzzcast for April 7th, 2022
4/7/22: Jon Miller and Chris Cox of Flashpoint Energy Partners discuss the latest news, notes and anecdotes relative to the propane and energy industry. Volatility and risks abound, but we have a plan for that!
EIA: Propane Builds 700,000/bbls
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.
EIA: Propane Builds 100,000/bbls
3/30/22: Propane inventories showed a small 100,000/bbl build for the week ending March 25th.
Propane Buzz for March 25th, 2022
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 […]
Propane Buzz for March 24th, 2022
3/24/22: World oil supply deficit could approach all-time shortfall.
EIA: Propane Builds 300,000/bbls
3/23/22: Propane inventories built 300,000/bbls this past week, according to the EIA
Looming Diesel Crisis
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
Hedge Funds Sell with Demand Concerns
3/21/22: Hedge funds sold some products last week over demand destruction concerns
Propane Buzz for March 17th, 2022
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
EIA: Propane Draws 2.2M/bbls, National Levels below 34M
3/16/22: Propane stockpiles continue to draw down, this week at 2.2M/bbls