The EIA reported total U.S. propane/propylene inventories had a withdrawal of 4.5 MMbbl for the week ended December 20, the largest for the reporting week in the last 10 years. The draw was above industry expectations for a decrease of 2.64 MMbbl and above the average draw for the week of 2.4 MMbbl. Total U.S. propane stocks are now at 85.6 MMbbl, which is 911 Mbbl, or 1.1%, above the same week in 2023 and the 5-year maximum. Inventories are 4.9 MMbbl, or 6.1%, above the 5-year average.
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- Analyst Insight
U.S. Propane Inventories Draw Over Industry Expectations and Exports Average at High Levels
Despite a drop in propane exports from last week's strong rate, the 4-week average has been trending at high levels.
- Analyst Insight
U.S. Propane Stocks Draw Significantly Below Expectations and Exports Rise
Propane stocks draw 2.7 MMbbl less than industry expectations and exports return to strong rate of 2.1 MMb/d.
- Analyst Insight
U.S. Propane Exports Just Shy of All-Time High
U.S. propane inventories draw for the third consecutive week but remain above the 100-MMbbl threshold as exports remain strong, only 2% lower than the record high.
