The EIA reported total U.S. propane/propylene inventories had a withdrawal of 3.7 MMbbl for the week ended January 17, which was slightly below industry expectations for a decrease of 3.9 MMbbl and below the average draw for the week which is also 3.9 MMbbl (green bar). This draw was low when compared to the cold weather experienced through much of the nation. We expect stronger withdrawals in the coming weeks.
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- Analyst Insight
Cold Weather Brings Record High Propane Draw
This week's propane storage draw was the highest for this reporting period and second to the third week in January 2024.
- 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
Higher U.S. Propane Prices Driven by Cold Weather and Inventories Draw Below Expectations
Propane prices up as U.S. braces for more frigid weather.
