The EIA reported that total U.S. propane/propylene inventories increased by 1.7 MMbbl in the week ended August 18, which was slightly below average industry expectations for a 2.1 MMbbl gain and the 1.3 MMbbl average build for the week.
Total U.S. propane stocks are now at 92.3 MMbbl, which is 17 MMbbl, or 22.6%, above the 5-year average. Weekly exports of propane reported by the EIA were stronger at 1.46 MMbbl/d, up 62 Mbbl/d from last week and on par with the 4-week average of 1.48 MMbbl/d.
