The EIA reported that total U.S. propane/propylene inventories increased by 3.1 Mbbl in the week ended September 8, which was above average industry expectations for a 1.4-MMbbl gain and the 1.4 MMbbl average build for the week. Total U.S. propane stocks are now at 99.1 MMbbl, which is 16.9 MMbbl, or 20.6%, above the 5-year average. Weekly exports of propane remain robust at 1.67 MMbbl/d, down 26 Mbbl/d from the previous week and above the 4-week average of 1.59 MMbbl/d.
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- Analyst Insight
U.S. Propane Inventories Decrease Modestly While Exports Weaken
Propane inventories decrease less than industry expectations followed by weaker exports.
- Analyst Insight
U.S. Propane Weekly Inventories Draw More Than Industry Expectations as Exports Remain Strong
U.S. propane inventories draw 700 Mbbl more than industry expectations with PADD 3 having the largest decline while exports remained robust at 1,893 MMbbl/d.
- Analyst Insight
U.S. Propane Stocks Post Small Build for Second Week in a Row
Despite expectations for a draw this week, U.S. propane stocks build as exports increase sharply from last week's low rate.
