This Petroleum Indicator Hits a 20-Year Low - News and Current Events | futures io social day trading
futures io futures trading


This Petroleum Indicator Hits a 20-Year Low
Updated: Views / Replies:140 / 0
Created: by kbit Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

This Petroleum Indicator Hits a 20-Year Low

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

This Petroleum Indicator Hits a 20-Year Low

There are some massive changes afoot in U.S. petroleum markets.

Including some unusual trends many investors have never heard of.

In commodities like propane, for example. With the U.S. Energy Administration Information (EIA) reporting this month that propane inventories in the American Midcontinent have hit an all-time low.

Stocks of this natural gas liquid in the central states have been plunging of late. With inventories for the second week of January coming in at just 11.5 million barrels.

That's the lowest amount of propane in storage recorded here since the EIA started tracking this data, in 1993.

These record-setting low levels come after propane stocks here have declined 43.5% over the past year. With strong demand for drying of corn in the region drawing propane supplies into the local market.

The timing of this jump in local consumption is threatening to become a "perfect storm" for propane prices. Because it comes at exactly the same time as propane exports out of the U.S. are also surging.

As the chart below from EIA shows, propane exports from the U.S. Gulf Coast took a quantum leap over the last few weeks. Rising nearly 30%, to a current 370,000 barrels per day.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Weekly US Exports of Propane

That's a big increase in propane leaving the country. At exactly the same time as domestic demand in the Midcontinent is ramping up.

The result has been propane prices seeing notable upward pressure. With rates in some parts of the country having jumped more than 15% over just a couple of days lately.

That trend will continue, as midstream operators increasingly look to send natural gas liquids to high-value markets overseas, in Europe and Asia. To the benefit of those companies doing the selling--and producers in areas that are positioned to meet this growing demand.

Here's to unusual opportunities,

This Petroleum Indicator Hits a 20-Year Low

Reply With Quote

Reply



futures io > > > > This Petroleum Indicator Hits a 20-Year Low

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
July Consumer Sentiment Hits Fresh Low for the Year Quick Summary News and Current Events 0 July 27th, 2012 11:20 AM
Tokyo Hits 28-Year Low Amid Global Rout kbit News and Current Events 0 June 4th, 2012 08:02 PM
Where Has All the Trading Gone? Volume Hits 4-Year Low kbit News and Current Events 1 April 10th, 2012 07:56 PM
Natural Gas at 10-Year Low; Warm Weather Hits Demand Quick Summary News and Current Events 0 January 17th, 2012 10:00 PM
7 Year Bonds Price Just Off All Time Low Yield In Last Non-Bill Auction Of The Year Quick Summary News and Current Events 0 December 21st, 2011 02:20 PM


All times are GMT -4. The time now is 11:06 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.07 seconds with 20 queries on phoenix via your IP 54.226.113.250