The EIA reported total U.S. propane/propylene inventories recorded a build of 2.9 MMbbl for the week ended May 10, which was above the average of industry expectations for an increase of 2.4 MMbbl and the 1.9 MMbbl average build for the week. Total U.S. propane stocks stand at 62 MMbbl, which is 7.8 MMbbl, or 14.4%, above the 5-year average. Purity propane stocks reported by the EIA were at 37 MMbbl, or 59.7% of total U.S. inventories, up 3.6 MMbbl from the prior period.
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- Analyst Insight
U.S. Propane Inventories Continue to Build as Exports Decline
Propane inventories build 500 Mbbl less than industry expectations while export drop 131 Mb/d from the prior week.
- Analyst Insight
U.S. Propane Inventories Build by 2.2 MMbbl as Production Remains Strong
Propane inventories increased 300 Mbbl more than industry expectations as production came in just under the weekly record high of 2.83 MMb/d.
- Analyst Insight
U.S. Propane Inventories Draw by 2 MMbbl; Slightly Below Historical Weekly Average
U.S. propane inventories drew by 2 MMbbl for the week ended December 29, 2023, which was about 1 MMbbl more than industry average expectations. However, the weekly draw was ~400 Mbbl less than the historical average for the week.
