The EIA reported total U.S. propane/propylene inventories built by just under 1 MMbbl for the week ended June 7, well below industry expectations of 2.4 MMbbl and the average for the past five years. Storage for the same week last year was 7.5% higher than this year. Purity propane stocks reported by the EIA were at 43.9 MMbbl, or 63% of total U.S. inventories, up 0.91 MMbbl from the prior period.
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- Analyst Insight
U.S. Propane Inventories Build Slightly Above Expectations While Exports Take a Dive
Propane exports down 337 Mbbl/d from last week as stocks build on par with the weekly average.
- Analyst Insight
U.S. Propane Inventories Build By 2.54 MMbbl, On-Target With Industry Expectations
U.S. propane inventories build in line with industry expectations as exports fall from the prior week.
- Analyst Insight
U.S. Propane Inventories Build as Exports Fall From Previous Week
Propane inventories build below industry expectations while exports remain robust.
