Insight

Propane tightens to historic highs amid crude oil doldrums

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image

Report summary

Propane prices at Mont Belvieu gained $0.25/bbl to close August 1 at $31.04/bbl (73.9 cpg) or 63% of WTI, even as WTI prices dropped by $1.01/bbl to close at $49.16/bbl. Prices increased again by 1.4 cpg to close at 75.3 cpg or 64% of WTI on August 2. This price action began in July with propane growing by about 11.6 cpg or 18% with July prices averaging 59% of WTI. This July average is the seasonal highest since 2011 (66%), when the US was transitioning from being a net LPG importer to becoming a net exporter. This strong relation to WTI could become the new normalas global demand growth re-links US propane prices to crude oil after several years of supply glut.

What's included

This report contains

  • Document

    Propane tightens to historic highs amid crude oil doldrums

    PDF 393.25 KB

Table of contents

Tables and charts

This report includes 6 images and tables including:

Images

  • Propane Futures Relative to WTI
  • Propane Futures Relative to WTI: 1Q vs 2Q
  • US LPG Exports
  • Global Propane Prices Relative to WTI
  • Propane tightens to historic highs amid crude oil doldrums: Image 9

Tables

  • Propane tightens to historic highs amid crude oil doldrums: Table 2

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898