The EIA reported that total U.S. propane/propylene inventories had a record high draw of 8.4 MMbbl for the week ended January 19, which was well above average industry expectations for a draw of 4.2 MMbbl and the 3.9 MMbbl average decline for the week. Total U.S. propane stocks now stand at 67.9 MMbbl, which is only 2.3 MMbbl, or 3.5%, above the 5-year average.
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- Analyst Insight
U.S. Propane Weekly Inventories Draw Slightly Below Industry Expectations as PADD 1 Stocks Build Despite Strong Exports
U.S. propane inventories draw 450 Mbbl less than industry expectations as PADD 1 increases stocks and exports strengthen from the previous week to 1,787 MMbbl/d.
- Analyst Insight
U.S. Propane Stocks Post Small Build for Second Week in a Row
Despite expectations for a draw this week, U.S. propane stocks build as exports increase sharply from last week's low rate.
- Analyst Insight
U.S. Propane Inventories Draw 3.6 MMbbl Despite Lower Exports
U.S. propane inventories drew by 1.4 MMbbl over industry expectations as exports down from previous week but in line with the 2023 average rate of 1.62 MMbbl/d.
