The EIA reported total U.S. propane/propylene inventories had a withdrawal of 2.95 MMbbl for the week ended December 13, which was above industry expectations for a decrease of 2.175 MMbbl and above the average draw for the week of 2.75 MMbbl. Total U.S. propane stocks are now at 90.1 MMbbl, which is 1.7 MMbbl, or 1.9% above the same week in 2023 and the 5-year maximum. Inventories are 6.9 MMbbl, or 8.3%, above the 5-year average.
Featured Articles
- Analyst Insight
Total Propane Inventories Down with PADD 1 Stocks Below 5-Year Minimum
PADD 1 propane inventories fall 24% below the 5-year minimum, raising concerns about supply constraints if cold weather persists.
- Analyst Insight
Propane Inventories Continue to Build in PADD 1 and Exports Fall to Lowest Level
PADD 1 propane stocks built for a second week after an import boost
- Analyst Insight
U.S. Propane Stocks Draw Significantly Below Expectations and Exports Rise
Propane stocks draw 2.7 MMbbl less than industry expectations and exports return to strong rate of 2.1 MMb/d.
