EIA: Propane Inventories at Eight-Year Lows

2/24/22: Propane inventories now stand at 38M/bbls, their lowest level for this time of year in the Shale Production Era. This, on the heels of a full-scale Russian invasion of Ukraine and crude oil topping $100/bbl

The West Sanctions Russia

2/23/22: The United States and much of the Western World powers have established a first round of sanctions against Russia. Propane prices jumped more than a dime yesterday, too.

War Drums Beating on Russian-Ukraine Front

2/21/22: Trading markets are closed today, in observance of President’s Day and many of propane’s market makers are attending the annual OPIS meeting. This doesn’t mean that world events are taking the day off, however.

EIA Report: Propane Sees Monster 5.9M/bbl Draw

2/16/22: Propane inventories drew a whopping 5.9M/bbls for the week ending February 11th, 2022. National inventories now stand at 41.9M/bbls, which is 6.7M/bbls lower than where inventories were reported to be this same week one year ago and also lower for this EIA reporting week than any other week in the past eight years.