The EIA reported a 785-Mbbl build in U.S. propane/propylene inventories for the week ended December 26, a notable departure from industry expectations for a 1.5-MMbbl draw and the historical average draw of 2.2 MMbbl for the week. This marked the first inventory build for the corresponding week since our recordkeeping began in 2011. Total stocks increased to 100.3 MMbbl, placing inventories 18% above the same week in 2024 and the five-year high. Inventories are also 22.3 MMbbl, or 29%, above the five-year average, underscoring the unusually high level of supply entering the winter period.
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Surprise Propane Build Driven by PADD 3 as Exports Fall
A surprise U.S. propane inventory build this week, driven largely by rising Gulf Coast stocks, while exports slipped below recent averages.
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Strong Supply, Softer Exports Drive Record U.S. Propane Inventories
Robust production and slower export activity pushed U.S. propane stocks to record highs last week, led by continued builds along the Gulf Coast and storage levels well above seasonal norms.
