Exports of propane reported by the EIA on March 29 remained robust at 1.80 MMbbl/d for the week ending March 24. Weekly export volumes were strong for the third consecutive week and were well above the four-week average of 1.68 MMbbl/d. 2023 year-to-date exports are at 1.60 MMbbl/d, which is 350 Mbbl/d, or 28%, more than the four-week average for 2022 which was 1.25 MMbbl/d.
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- 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.
- Analyst Insight
U.S. Propane Weekly Inventories Draw Slightly Below Industry Expectations as PADD 1 Stocks Build Despite Strong Exports
U.S. propane inventories draw 450 Mbbl less than industry expectations as PADD 1 increases stocks and exports strengthen from the previous week to 1,787 MMbbl/d.
- Analyst Insight
U.S. Propane Inventories Draw Under Expectations as Exports Remain Strong
U.S. Propane inventories had a withdrawal below industry expectations by about 840 Mbbl while exports soared to levels seen in previous weeks and was above the 4-week average of 1.96 MMb/d.
