The EIA reported total U.S. propane/propylene inventories recorded a build of 247 Mbbl for the week ended April 26, which was below the average of industry expectations for an increase of 2.1 MMbbl and the 0.9 MMbbl average build for the week. Total U.S. propane stocks stand at 56.9 MMbbl, which is 6.9 MMbbl, or 13.7%, above the 5-year average. Purity propane stocks reported by the EIA were 31.5 MMbbl, or 55.4% of total U.S. inventories, up 778 Mbbl from the prior period.
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- Analyst Insight
U.S. Propane Inventories Draw 3.6 MMbbl Despite Lower Exports
U.S. propane inventories drew by 1.4 MMbbl over industry expectations as exports down from previous week but in line with the 2023 average rate of 1.62 MMbbl/d.
- Analyst Insight
U.S. Propane Weekly Inventories Draw Slightly Below Industry Expectations as PADD 1 Stocks Build Despite Strong Exports
U.S. propane inventories draw 450 Mbbl less than industry expectations as PADD 1 increases stocks and exports strengthen from the previous week to 1,787 MMbbl/d.
- Analyst Insight
U.S. Propane Inventories Draw 1.3 MMbbl More Than Expectations as Exports Remain Robust
Propane stocks draw 3.7 MMbbl, slightly above the weekly average draw while exports up 107 Mbbl/d from last week to 1.8 MMbbl/d.
