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

For further information about this report submit the form below.

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