|  Clifton Linton

US, Canada Head in to Winter with Hefty Propane Supplies and Strong Prices

by Clifton Linton, Editor, Energy Transport Insider

The U.S. and Canada have brimming propane supplies as product continues to accumulate in the face of strong production and tepid exports. Despite this apparent bearish fundamental news, propane prices are holding strength. And that’s fueling skepticism in the market over whether prices can hold these levels.

Front-month CME Mt. Belvieu LDH Propane (OPIS) futures settled just under 58cts/gal on Thursday. Prices have been holding in the upper 50cts/gal range for the week. Propane prices are seen to be supported by strength in crude oil prices and expectations for increased...

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