The EIA reported total U.S. propane/propylene inventories had a withdrawal of 1 MMbbl for the week ended November 22, which was below industry expectations for a decrease of 1.2 MMbbl but above the average draw for the week of 185 Mbbl (green bar in the second graph below). Stocks now total 96.7 MMbbl and are 2.1% below the same period last year.
Featured Articles
- Analyst Insight
U.S. Propane Inventories Draw Under Expectations as Exports Remain Strong
U.S. Propane inventories had a withdrawal below industry expectations by about 840 Mbbl while exports soared to levels seen in previous weeks and was above the 4-week average of 1.96 MMb/d.
- Analyst Insight
U.S. Propane Inventories Draw Above Industry Expectations While Exports Decline From Last Week's High
Propane inventories fell below the 100 MMbbl storage level as exports decline from last week's high of 2.3 MMb/d.
- Analyst Insight
U.S. Propane Inventories Mirror 2023 With Record High Production and Strong Exports
U.S. Propane stocks draw less than industry expectations by 1.6 MMbbl with production ramping up to record high.
