The EIA reported that total U.S. propane/propylene inventories increased by 1.5 MMbbl for the week ended June 16. The build was below industry expectations for an increase of 3.0 MMbbl and the 2.3 MMbbl average build for the week. Total U.S. propane stocks are now at 76.9 MMbbl, which is 17.1 MMbbl, or 29%, above the 5-year average.
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Strong Propane Inventory Build as Stocks Increase in All Regions
U.S. propane inventories built 900 Mbbl more than industry expectations as exports remain robust.
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U.S. Propane Stocks Build but Come in Below Expectations
U.S. propane inventories posted a modest build last week—falling short of expectations and typical seasonal trends.
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U.S. Weekly Propane Inventories Build Below Expectations as Exports Remain Strong
U.S. propane inventories stocks grew below industry expectations for the second week in a row as exports increase from the previous week and remain robust.
