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*Text updates will be limited to four key prices: Mt. Belvieu, Conway, Crude and Nat Gas with and a link to additional details.

PROPANEPRICE.COM UPDATE ON SEPT 14, 2016

10 am - EIA inventory data just released showed a build of 2MM barrels for propane. Of the build, 1.1 MM  was in the Gulf Coast, 500M were on the East Coast, the Midwest was even, and the balance of the build was in the West. This brings propane to 101.1MM barrels, now 3.4MM barrels ahead of year ago levels. Crude oil had a draw of 600M barrels, motor gas had a build of 600M barrels, and distillates had a build of 4.6MM barrels.

8:30 am - Propane and crude prices are close to yesterday's levels with crude slightly lower on an update from the IEA saying we may be waiting a little longer for a rebalance in the world crude market. According to IEA, strong OPEC output is more than making up for a drop in OPEC production. In addition, s stronger dollar and an equities market sell-off is bearish for oil. 

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