The EIA reported total U.S. propane/propylene inventories had a withdrawal of 1.3 MMbbl for the week ended April 11, marking an unusual off-season withdrawal, which was flipped from industry expectations for an increase of 1.3 MMbbl and the average build for the week of 803 Mbbl. This is the highest week-on-week withdrawal since 2020. Total U.S. propane stocks are now at 44.4 MMbbl, 11.3 MMbbl, or 20%, less than the same week in 2024 but 7.4 MMbbl, or 20%, more than the 5-year minimum. Inventories are 4.7 MMbbl, or 10%, below the 5-year average. This unusual counter-seasonal withdrawal likely reflects strong exports, lower production, and weaker imports.
Featured Articles
- Analyst Insight
PADD 3 Propane Posts Surprise Draw
PADD 3 propane inventories took a surprise turn this week with an unseasonal draw. Summer slowdown or just a blip?
- Analyst Insight
U.S. Propane Inventories Climb Despite Industry Forecast for a Withdrawal
Storage levels jumped 982 Mbbl last week, defying industry forecasts for a drawdown.
- Analyst Insight
PADD 1 Propane Stocks Show Unseasonal Weekly Draw
East Coast propane supplies just took an unexpected hit—stocks fell by 441 Mbbl to 3.8 MMbbl. RBN’s on high alert as inventories now sit well below seasonal norms. Stay tuned.
