Propane traders and retailers will benefit from more detailed stock data

  • Propane traders and retailers will have access to more detailed stock data
  • The new data will quantify the amount of propane stocks that are fractionated and ready for sale
  • The expanded data will provide better transparency and address market uncertainty
  • The data will be available on a weekly basis, close to real time
  • The new data series will help analyze the impact of exports and fractionation capacity

Propane traders and retailers in the US will soon have access to more detailed stock data, thanks to the Energy Information Administration (EIA). The EIA will now include a line-item that quantifies the amount of propane stocks that are fractionated and ready for sale. This addition aims to provide better transparency and address market uncertainty. The expanded data will be available on a weekly basis, close to real time. It will help analyze the impact of exports and fractionation capacity, providing a clearer understanding of the propane market. This move has been welcomed by the industry as it will change the landscape for future journalists and analysts.

Public Companies:
Private Companies: undefined
Key People: Warren Wilczewski (Industry Economist and Senior Technical Adviser in the EIA’s Office of Energy Production, Conversion and Delivery Statistics), Peter Fasullo (Principal at En*Vantage Inc.)

Factuality Level: 7
Justification: The article provides information about the addition of a new line-item to the Energy Information Administration’s weekly stock data for propane. It explains that the new data will quantify the amount of propane stocks that are ‘fractionated and ready for sale,’ addressing the industry’s need for more transparency. The article includes quotes from industry experts and provides examples of how the new data could be useful. Overall, the article seems to provide factual information about the topic.

Noise Level: 7
Justification: The article provides detailed information about the addition of a new line-item to the Energy Information Administration’s propane stock data. It explains the significance of this new data and how it will address industry concerns about the transparency of propane inventory. The article also includes quotes from industry experts and examples of how the new data could be used. However, the article is quite technical and may not be easily understood by readers who are not familiar with the propane industry.

Financial Relevance: Yes
Financial Markets Impacted: Propane traders and retailers

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the addition of more detailed data on propane inventory by the Energy Information Administration (EIA). While this information is relevant to the propane industry and traders, it does not describe any extreme events or their impacts.

Reported publicly: www.marketwatch.com