The EIA reported total U.S. propane/propylene inventories had a withdrawal of 3.4 MMbbl for the week ended March 7, which was more than industry expectations of 1.6 MMbbl and the average draw for the week of 1.2 MMbbl. This marks the highest draw for the same week in the past decade. Total U.S. propane stocks are now at 45.3 MMbbl, which is 6.6 MMbbl, or 13%, below the same week in 2024 and 16 MMbbl, or 26%, less than the 5-year maximum. Inventories are 4.5 MMbbl, or 9%, below the 5-year average.
Featured Articles
- Analyst Insight
U.S. Propane Inventories Climb Despite Industry Forecast for a Withdrawal
Storage levels jumped 982 Mbbl last week, defying industry forecasts for a drawdown.
- Analyst Insight
PADD 1 Inventories Drop in Unseasonal Propane Draw
Mid-July propane draw in PADD 1? Not exactly what you'd expect this time of year.
- 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.
