The EIA reported that total U.S. propane/propylene inventories increased by 2.2 MMbbl for the week ended May 12, which was slightly above industry expectations for a build of 1.8 MMbbl. Total U.S. propane stocks are now at 63.6 MMbbl, which is 14.7 MMbbl, or 30%, above the 5-year average. Inventories are 19.1 MMbbl, or 43%, above the same week in 2022 and 2 MMbbl above the 5-year maximum. The build in propane stocks for the week was about 0.5 MMbbl more than the average increase of 1.7 MMbbl.
Featured Articles
- Analyst Insight
U.S. Propane Stocks Build Above Industry Expectations as Exports Lag Year-Ago Levels
Total U.S. propane inventories built above industry expectations, while exports slipped below averages.
- Analyst Insight
U.S. Propane Build Tops Industry Expectations as Exports Slip
Total U.S. propane inventories climbed last week, beating industry expectations, as exports softened.
- 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
