The EIA reported total U.S. propane/propylene inventories recorded a build of 2.25 MMbbl for the week ended May 17, which was slightly below the average of industry expectations for an increase of 2.7 MMbbl but above the 1.8 MMbbl average build for the week. Total U.S. propane stocks stand at 64.2 MMbbl, which is 8.1 MMbbl, or 14.5%, above the 5-year average. Purity propane stocks reported by the EIA were at 39.4 MMbbl, or 61.4% of total U.S. inventories, up 2.4 MMbbl from the prior period.
Featured Articles
- Analyst Insight
U.S. Propane Weekly Inventories Draw by 2.2 MMbbl as EIA Issues Notification of Errors in PADD 2
U.S. propane inventories draw about 700 Mbbl more than industry expectations while the EIA identifies errors in PADD 2 stocks affecting various calculations.
- 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 Build Above Expectations for the Second Week in a Row
Propane inventories continue to build above expectations with production and exports exceeding the same week last year.
