The EIA reported total U.S. propane/propylene inventories had a withdrawal of 3 MMbbl for the week ended December 6, which was above industry expectations for a decrease of 2.1 MMbbl. Total U.S. propane stocks are now at 93 MMbbl, which is 2.5 MMbbl, or 2.71% above the same week in 2023 and the 5-year maximum. Inventories are 7 MMbbl, or 8.2%, above the 5-year average. Last week, propane inventories experienced a below-average draw for the week. However, this week’s draw surged, exceeding the weekly average by 1.4 MMbbl.
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- Analyst Insight
U.S. Propane Inventories Draw Largest on Record Despite Lower Exports
Propane inventories record high withdrawal for the reporting week was over industry expectations by almost 2 MMbbl.
- 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 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.
