The EIA reported a 691 Mbbl withdrawal in total U.S. propane/propylene inventories for the week ended November 7 — a larger draw than industry expectations for a 48 Mbbl pull but smaller than the typical seasonal draw of 921 Mbbl. Total stocks stood at 105.4 MMbbl, 7% above both the same week in 2024 and the 5-year maximum, and 16% above the 5-year average. Overall, inventories remain firmly on the high side of historical norms.
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Record U.S. propane production, strong exports, and rising PADD 2 stocks — the market stays long as winter demand builds.
