Macro

Inventories drop due to early crop harvest; arbs to Asia widen for a third straight week For the week ending August 28th, propane and propylene inventories were 25% above the 5-year average. This week’s draw…

Exports decline after two weeks of gains; NW Europe arb drops on higher freight costs For the week ending August 21st, propane and propylene inventories held steady at 30% above the 5-year average. This week’s…

Bullish report with larger draws in both gasoline and distillate than expected The weekly DOE report was bullish for refiners, with larger draws in both gasoline (-2.5mmbbls vs consensus -1.1) and distillate (-2.2mmbbls vs consensus…

Exports tick higher; arbs to Asia and Europe widen w/w, remain in the money For the week ending August 14th, propane and propylene inventories were 30% above the 5-year average. This week’s build of +2.04mmbbls…