The EIA reported that total U.S. propane/propylene inventories increased by only 512 Mbbl in the week ended September 1, which was well below average industry expectations for a 2.2-MMbbl gain and the 2.3 MMbbl average build for the week. Total U.S. propane stocks are now at 96 MMbbl, which is 15.6 MMbbl, or 19.4%, above the 5-year average. Weekly exports of propane reported by the EIA soared to 1.69 MMbbl/d, up 147 Mbbl/d from last week and well above the 4-week average of 1.52 MMbbl/d.
Featured Articles
- Analyst Insight
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
Strong Propane Inventory Build as Stocks Increase in All Regions
U.S. propane inventories built 900 Mbbl more than industry expectations as exports remain robust.
- Analyst Insight
U.S. Propane Stocks Build Below Expectations While Exports Skyrocket to an All-Time High
U.S. propane inventories built 1.4 MMbbl below industry expectations while exports soar by 812 Mbbl/d to a record high of 2.04 MMbbl/d.
