The EIA reported that total U.S. propane/propylene inventories were essentially unchanged for the week ended September 29, which was below average industry expectations for a 1.6-MMbbl gain and the 1.4 MMbbl average build for the week. Total U.S. propane stocks remain at 101.4 MMbbl, which is 14.9 MMbbl, or 17%, above the 5-year average. Weekly exports of propane reported by the EIA remained robust at 1.98 MMbbl/d, down just 64 Mbbl/d from last week’s all-time high and well above the year-to-date average of 1.57 MMbbl/d.
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- 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.
- Analyst Insight
Weekly U.S. Propane Inventories Post Strong Build As Exports Plunge
Total U.S. propane inventories soared by the largest increase recorded in the last 10 years for the reporting period.
- Analyst Insight
U.S. Propane Stocks Build but Come in Below Expectations
U.S. propane inventories posted a modest build last week—falling short of expectations and typical seasonal trends.
