For the week ended January 23, the EIA reported a 4.7 MMbbl draw in total U.S. propane/propylene inventories, exceeding industry expectations for a 3.2 MMbbl decline and the 4.3 MMbbl average draw for the week. Despite the draw, total inventories stand at 89 MMbbl, or 34% higher than the same period last year, and remain well above historical norms, including 22% above the five-year maximum and 49% above the five-year average, leaving the next few weeks of data particularly worth watching.
Featured Articles
- Analyst Insight
PADD 3 Keeps U.S. Propane Inventories Well Above Average Levels
U.S. propane inventories remain well above normal, led by elevated PADD 3 stocks.
- Analyst Insight
Propane Inventory Draw Meets Weak Exports and Storm Impacts
Propane inventories drew as exports softened and winter storms weighed on production.
- Analyst Insight
Record Propane Exports Drive Rare Seasonal Propane Inventory Draw
PADD 3 propane inventories posted a rare 1.2-MMbbl draw as U.S. propane exports surged to a record 2.63 MMb/d. Growing utilization of Gulf Coast flex terminals continues to support strong propane exports and tighter regional balances.
