The EIA reported that total U.S. propane/propylene inventories increased by 3.2 MMbbl in the week ended August 25, which was above average industry expectations for a 2.3-MMbbl gain and the 2.2 MMbbl average build for the week.
Total U.S. propane stocks are now at 95.5 MMbbl, which is 17.5 MMbbl, or 22.4%, above the 5-year average. Weekly exports of propane reported by the EIA were stronger at 1.55 MMbbl/d, up 87 Mbbl/d from last week and on par with the 4-week average of 1.55 MMbbl/d.
