The EIA reported that total U.S. propane/propylene inventories were essentially unchanged for the week ended March 22, which is between the average of industry expectations for an increase of 461 Mbbl and the 581 Mbbl average draw for the week. Total U.S. propane stocks remain at 52.2 MMbbl, which is 4.9 MMbbl, or 10.4%, above the 5-year average. Purity propane stocks reported by the EIA were 26.4 MMbbl, or 50.6% of total U.S. inventories, down 150 Mbbl from the prior period. Total U.S. propane/propylene stocks have dropped by 49 MMbbl over the last 21 weeks, compared to a decline of only 31.8 MMbbl for the same period last year, according to EIA data.
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- Analyst Insight
U.S. Propane Stocks Post Small Build for Second Week in a Row
Despite expectations for a draw this week, U.S. propane stocks build as exports increase sharply from last week's low rate.
- Analyst Insight
U.S. Weekly Propane Inventories Draw Over Average Industry Expectations
EIA reported that total U.S. propane/propylene inventories recorded a draw of 3.4 MMbbl for the week ended February 23, which was above the average of industry expectations for a draw of 2.1 MMbbl and the 1.9 MMbbl average decline for the week.
- Analyst Insight
U.S. Propane Stocks Show Small Draw in Week Ended March 29
U.S. propane stocks show small draw in week ended March 29
