The EIA reported that total U.S. propane/propylene inventories increased by 3.9 MMbbl for the week ended May 26, the largest gain in stocks for the week over the last 10 years. The build was above industry expectations for an increase of 2.3 MMbbl and the 1.7 MMbbl average build for the week. Total U.S. propane stocks are now at 70.6 MMbbl, which is 19 MMbbl, or 37%, above the 5-year average. Propane exports remain low at 1,339 Mbbl/d, which is well below the 4-week average of 1,475 Mbbl/d.
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- Analyst Insight
Total Propane Inventories Down with PADD 1 Stocks Below 5-Year Minimum
PADD 1 propane inventories fall 24% below the 5-year minimum, raising concerns about supply constraints if cold weather persists.
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PADD 3 Propane Posts Surprise Draw
PADD 3 propane inventories took a surprise turn this week with an unseasonal draw. Summer slowdown or just a blip?
- Analyst Insight
U.S. Propane Inventories Draw In-Line with Industry Expectations as Exports Remain Robust
U.S. propane inventories draw well below the average weekly draw of 3.1 MMbbl while exports remain strong at 1.9 MMbbl/d.
