EIA Revises its Forecasts Following OPEC+ Announcement of Oil Production Cuts
Thursday, April 27, 2023

In its April Short-Term Energy Outlook (STEO), the United States Energy Information Administration (EIA) increased its forecast for the 2023 Brent crude oil price by 2.5% from its previous forecast. This change came after OPEC and its partner countries (OPEC+) announced crude oil production cuts for 2023. EIA expects the Brent crude oil spot price to average $85 per barrel in 2023, $3 per barrel higher than its March forecast.

 

Mid-Month to Mid-Month: Mid-April Postings Up From March
Friday, April 14, 2023

During the latest mid-month period, prices at Mont Belvieu, Texas, increased as we head into spring. The posted prices increased 10 cents/gal, from March mid-month to April mid-month while the spot prices increased 15.25 cents. Conway, Kan., postings ended with a 14.124-cent increase and spots increased 16.5 cents over the month.

MFA Oil Announces Results of Board of Directors Elections
Thursday, April 6, 2023

NATIONAL — MFA Oil Company hosted district delegate meetings across its eight voting districts in February and March. Two of those districts held elections for their representative on the MFA Oil Board of Directors. Mike Moreland won re-election to the board representing the company’s West Central District at a meeting held on Feb. 16 in Harrisonville, Missouri. In the Mid-South District, Randy Pace was elected on March 8 at a meeting in Jonesboro, Arkansas. Moreland and Pace will both serve three-year terms.

Propane Council Encourages Ports to Apply for Funding
Grant funding applications opened for safety, efficiency and reliability improvement projects.
Friday, March 31, 2023
The U.S. Department of Transportation Maritime Administration's recent opening of applications for grant funding impacts projects looking to foster decarbonization. PIDP will fund ports to replace diesel and gasoline with propane.