The EIA reported a 478 Mbbl build in total U.S. propane/propylene inventories for the week ended March 20, slightly below industry expectations of a 540 Mbbl build. Total inventories now stand at 73 MMbbl, up 69% from the same period last year and well above historical benchmarks, including 30% above the five-year maximum and 61% above the five-year average.
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- Analyst Insight
U.S. Propane: Record Production Meets Elevated Inventories
U.S. propane inventories continue to build and remain well above historical levels, even as production reaches record highs. Exports have also declined week over week.
- Analyst Insight
Surprise Propane Build Driven by PADD 3 as Exports Fall
A surprise U.S. propane inventory build this week, driven largely by rising Gulf Coast stocks, while exports slipped below recent averages.
- Analyst Insight
U.S. Propane Production Sets New Record; PADD 2 Inventories Push Higher
Record U.S. propane production, strong exports, and rising PADD 2 stocks — the market stays long as winter demand builds.
