The EIA reported that total U.S. propane/propylene inventories built by 111 Mbbl for the week ended October 20, slightly below average industry expectations for a 420-Mbbl gain but above the 299 Mbbl average draw for the week. Total U.S. propane stocks now stand at 102.4 MMbbl, which is 15.8 MMbbl, or 18.2%, above the 5-year average. Weekly exports of propane reported by the EIA rebounded sharply to 1.84 MMbbl/d, up 697 Mbbl/d from last week’s low rate and well above the year-to-date average of 1.58 MMbbl/d as well as the 4-week average of 1.77 MMbbl/d.
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U.S. Propane Weekly Inventories Draw Slightly Below Industry Expectations as PADD 1 Stocks Build Despite Strong Exports
U.S. propane inventories draw 450 Mbbl less than industry expectations as PADD 1 increases stocks and exports strengthen from the previous week to 1,787 MMbbl/d.
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U.S. Propane Inventories Draw 3.6 MMbbl Despite Lower Exports
U.S. propane inventories drew by 1.4 MMbbl over industry expectations as exports down from previous week but in line with the 2023 average rate of 1.62 MMbbl/d.
- Analyst Insight
Propane Inventories Up, Exports Down
Propane stocks just logged a third straight above-average build—while exports slipped again. What does it mean for the market?
