The EIA reported that total U.S. propane/propylene inventories increased by 3.1 MMbbl for the week ended June 9, which was above industry expectations for a build of 2.1 MMbbl. Total U.S. propane stocks are now at 75.5 MMbbl, which is 18.3 MMbbl, or 32%, above the 5-year average. Inventories are 23.6 MMbbl, or 46%, above the same week in 2022 and 9 MMbbl above the 5-year maximum. The build in propane stocks for the week was about 0.6 MMbbl more than the average increase of 2.5 MMbbl. Inventories grew more than expected despite strong exports which increased by 142 Mbbl/d from the prior week to 1.65 MMbbl/d.
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U.S. Propane Stocks Show Small Draw in Week Ended March 29
U.S. propane stocks show small draw in week ended March 29
- Analyst Insight
U.S. Propane Inventories Draw In-Line with Industry Expectations as Exports Remain Robust
U.S. propane inventories draw well below the average weekly draw of 3.1 MMbbl while exports remain strong at 1.9 MMbbl/d.
- Analyst Insight
Another Strong Build for Propane Inventories as Exports Plunge
U.S. propane inventories post a strong build of 3.1 MMbbl for the week ended May 19 while exports plunged well below the 4-week average.
