The EIA reported total U.S. propane/propylene inventories had a withdrawal of 522 Mbbl for the week ended July 18, a sharp contrast to industry expectations for an increase of 2.9 MMbbl and the average build for the week of 1.1 MMbbl. The last time there was a draw during this week of the year was in 2018. Total U.S. propane stocks are now at 82.3 MMbbl, which is 1.2 MMbbl, or 3% less, than same week in 2024 and 3.3 MMbbl, or 4%, less than the 5-year maximum. Inventories are 6.9 MMbbl, or 9%, above the 5-year average.
Featured Articles
- Analyst Insight
PADD 1 Propane Stocks Show Unseasonal Weekly Draw
East Coast propane supplies just took an unexpected hit—stocks fell by 441 Mbbl to 3.8 MMbbl. RBN’s on high alert as inventories now sit well below seasonal norms. Stay tuned.
- Analyst Insight
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
PADD 1 Propane Draw Bucks Seasonal Norms
Summer propane draw in PADD 1? Yep, that just happened.
U.S. build came in light, and the East Coast is dipping into stocks early.
Winter’s already giving us side-eye.
