The EIA reported total U.S. propane/propylene inventories had a withdrawal of 663 Mbbl for the week ended November 15, which was below industry expectations for a decrease of 1.5 MMbbl. This week's draw was in line with the average withdrawal for the week of 616 Mbbl. Total U.S. propane stocks are now at 97.7 MMbbl, which is 1.56 MMbbl, or 1.6%, below the same week in 2023 and the 5-year maximum. Inventories are 8.7 MMbbl, or 9.8%, above the 5-year average.
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- 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 Down 1 MMbbl and Exports Drop From Last Week's Strong Rate
Propane stocks just under 2023 high with exports dropping from last week's strong rate and falling below the 4-week average.
- 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.
