The EIA reported that total U.S. propane/propylene inventories increased by 1.7 MMbbl for the week ended June 2. The build was below industry expectations for an increase of 2.8 MMbbl and the 2.8 MMbbl average build for the week. Total U.S. propane stocks are now at 72.3 MMbbl, which is 22 MMbbl or 44% above the same week in 2022 and 17.7 MMbbl, or 32%, above the 5-year average.
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Strong Propane Inventory Build as Stocks Increase in All Regions
U.S. propane inventories built 900 Mbbl more than industry expectations as exports remain robust.
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U.S. Propane Inventories Grew Less Than Industry Expectations Despite Weaker Exports
U.S. Propane inventories increase by 1.5 MMbbl, half the amount of industry expectations while exports drop below YTD and weekly averages.
- Analyst Insight
U.S. Weekly Propane Inventories Build Below Expectations as Exports Remain Strong
U.S. propane inventories stocks grew below industry expectations for the second week in a row as exports increase from the previous week and remain robust.
