In today’s EIA report, total U.S. propane/propylene inventories had a withdrawal of 7.8 MMbbl for the week ended January 24 (red bar), which was nearly twice the average draw of 4 MMbbl for the week (green bar). This withdrawal was the highest in the past 10 years for the reporting week and second highest withdrawal on record. The all-time high withdrawal of 8.4 MMbbl occurred during the third week of January 2024.
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- Analyst Insight
U.S. Propane Inventories Show Below Average Draw
This week's propane storage draw was lower than the five-year average.
- Blog
One Day Is Fine and the Next Is Black - Stock Levels Whipsaw the Propane Market, Part 2
During the spring, summer and fall of 2016, U.S. propane inventories grew much more slowly than they did in the same period in 2014 and 2015, in part due to fast-rising exports. The situation isn’t dire––propane stock levels are relatively high as the winter of 2016-17 really kicks in, largely because last winter was a mild one that left inventories in good shape when the 2016 stock-building period started. But even-higher exports and the possibility of a “real” winter this time around raise the specter of an especially big drop in stored volumes over the next three months. Today we assess what the combination of higher exports and even an average winter could mean for propane inventories.
- Analyst Insight
Propane Exports Reach Year-to-Date Peak
U.S. propane exports soar to 2.2 MMb/d, marking a year-to-date peak with a surge of 842 Mb/d from the previous week.
