With colder weather, the price of propane is up slightly to about 47% the price of NYMEX crude. The ratio averaged less than 40% in December. This is the highest the ratio has been since September 2024 when it averaged about 50%.
Featured Articles
- Analyst Insight
U.S. Monthly Propane to Crude Ratio - Chart Toppers
Highest propane to crude ratio since April 2022.
- Analyst Insight
U.S. Monthly Propane to Crude Ratio - Chart Toppers
Propane to Crude ration up slightly to 55% the price of NYMEX.
- Blog
Un-Thinkable - Is the Market Ready for 100-Bcf/d U.S. Natural Gas Production?
The once unthinkable level of 100 Bcf/d for U.S. natural gas production is just around the corner, it would seem. Lower-48 gas production last week hit a new high of 96.4 Bcf/d, after surpassing 95 Bcf/d not too long ago (in late October). That’s remarkable considering that production was only 52 Bcf/d just 12 years ago. Gas demand from domestic consumption and exports this year has set plenty of records of its own, but the incremental demand has not been nearly enough to keep the storage inventory from building a significant surplus compared with last year. CME/NYMEX Henry Hub prompt gas futures prices tumbled nearly 40 cents last week to $2.28/MMBtu, the lowest November-traded settle since 2015. Today, we break down the supply-demand fundamentals behind this year’s bearish storage and price reality.
