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
Propane Buzz for March 15th, 2022
3/15/22: Has the war premium been sold out of energy prices?
Propane Buzz for March 11th, 2022
3/11/22: Prices are back up, and it looks like we are in a for a season of back and forth
Oil and Propane See Big Drop
3/1/22: Propane and Oil prices see steep pullback
EIA: Inventories Draw 1.6M/bbls, to 35.5M/bbls Nationally
3/9/2022: Propane inventories draw 1.6M/bbps and national inventories are now at 35.5M/bbls, the lowest they have been in eight years for this time of year.