The EIA reported that total U.S. propane/propylene inventories fell by 534 Mbbl for the week ended November 24, which was modestly below average industry expectations for a draw of 831 Mbbl but above the 223 Mbbl average decline for the week. Total U.S. propane stocks now stand at 98.7 MMbbl, which is 14.3 MMbbl, or 16.9%, above the 5-year average.
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- 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 Weekly Inventories Draw More Than Industry Expectations as Exports Remain Strong
U.S. propane inventories draw 700 Mbbl more than industry expectations with PADD 3 having the largest decline while exports remained robust at 1,893 MMbbl/d.
- Analyst Insight
U.S. Propane Inventories Draw by 2 MMbbl; Slightly Below Historical Weekly Average
U.S. propane inventories drew by 2 MMbbl for the week ended December 29, 2023, which was about 1 MMbbl more than industry average expectations. However, the weekly draw was ~400 Mbbl less than the historical average for the week.
