Despite recording two withdrawals in a row, total U.S. propane/propylene inventory levels are above the five-year maximum amid steady production.
The stock draw was 236 Mbbl (red bar, first graph) for the week ended October 25, according to the latest data from the U.S. Energy Information Administration (EIA). The average inventory change for this week is just a 67 Mbbl withdrawal (green bar, first graph). The EIA withdrawal figure again contrasted with survey expectations, which were for a decrease of 600 Mbbl.
