The EIA reported total U.S. propane/propylene inventories had a withdrawal of 662 MMbbl for the week ended November 29, which was below industry expectations for a decrease of 2.25 MMbbl and below the average draw for the week of 1 MMbbl(see top graph). Total U.S. propane stocks are now at 96 MMbbl, which is 772 Mbbl, or 1% above the same week in 2023 and the 5-year maximum. Inventories are 8.8 MMbbl, or 10.2%, above the 5-year average (see bottom graph).
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- Analyst Insight
Propane Exports Reach Year-to-Date Peak
U.S. propane exports soar to 2.2 MMb/d, marking a year-to-date peak with a surge of 842 Mb/d from the previous week.
- Analyst Insight
Total Propane Inventories Down with PADD 1 Stocks Below 5-Year Minimum
PADD 1 propane inventories fall 24% below the 5-year minimum, raising concerns about supply constraints if cold weather persists.
- Analyst Insight
U.S. Propane Imports Rise and Exports Return to Strong Rate
Propane imports up 53 Mb/d, just under the highest level recorded this year in February while export bounce back to the strong rate seen in previous weeks.
