Crude Stalls, Propane Finds Its Run

• Propane’s Evolution into a Global Commodity

How the U.S. propane market shifted from domestic heating fuel to a key export product tied to global demand and crude oil benchmarks.

• Why Prices Are Up in the Middle of Winter

Analysis of the factors behind firm Conway and Belvieu prices, including weather-driven demand and unplanned outages at Gulf Coast facilities.

• The Export Pull and Asia’s Influence

A look at international propane flows, especially China’s appetite for feedstocks and how that drives U.S. export volumes.

• Pricing Benchmarks and Hedging Opportunities

Guidance on what to watch when locking in prices, including the WTI-propane ratio and why 40% of crude is a useful historical reference point.

• Risk Management Strategies for Propane Marketers

Tips on how to structure hedges that offer protection while preserving flexibility in uncertain markets.

• Why Crude Is the Real Driver

Clarifying propane’s pricing correlation—spoiler: it’s not natural gas.