The EIA reported that total U.S. propane/propylene inventories fell by 2.8 MMbbl for the week ended January 12, which was slightly below average industry expectations for a draw of 3.2 MMbbl and the 3.4 MMbbl average decline for the week. Total U.S. propane stocks now stand at 76.3 MMbbl, which is essentially the same for the week in 2023 but 5.5 MMbbl, or 6.7%, below the 5-year maximum. Inventories are 7.3 MMbbl, or 10.5%, above the 5-year average.
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- Analyst Insight
U.S. Propane Inventories Draw 3.6 MMbbl Despite Lower Exports
U.S. propane inventories drew by 1.4 MMbbl over industry expectations as exports down from previous week but in line with the 2023 average rate of 1.62 MMbbl/d.
- Analyst Insight
PADD 3 Propane Posts Surprise Draw
PADD 3 propane inventories took a surprise turn this week with an unseasonal draw. Summer slowdown or just a blip?
- 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.
