The EIA reported a 1.1 MMbbl withdrawal in total U.S. propane/propylene inventories for the week ended November 21, a pull that exceeded both industry expectations for an 800 Mbbl draw and the average draw for the week of 137 Mbbl. Even so, national stocks remain elevated at 104.2 MMbbl, sitting 7.5 MMbbl (8%) above the same week in 2024, 6.5 MMbbl (7%) above the 5-year maximum, and 14 MMbbl (16%) above the 5-year average.
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