The EIA reported that total U.S. propane/propylene inventories increased by 0.7 MMbbl for the week ended September 22, which was below average industry expectations for a 2.1-MMbbl gain but above the 0.4 MMbbl average build for the week. Total U.S. propane stocks are now at 101.4 MMbbl, which is 17.2 MMbbl, or 20%, above the 5-year average. Weekly exports of propane reported by the EIA soared to a record-high of 2.04 MMbbl/d, up 812 Mbbl/d from last week and well above the year-to-date average of 1.56 MMbbl/d.
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- Analyst Insight
U.S. Propane Inventory Unchanged As Exports Continue Near Record High
U.S. propane inventories were essentially unchanged for the week ended September 29 while exports remain near last week's record-high.
- Analyst Insight
U.S. Propane Stocks Build Slightly Below Expectations While Exports Take a Nosedive
U.S. propane inventories built by 1.6 MMbbl which was below industry expectations by about 600 Mbbl but above the weekly average build. Exports fell from last week’s 1,668 Mbbl/d to 1,229 Mbbl/d.
- Analyst Insight
U.S. Weekly Propane Inventories Build By 2.6 Million Barrels Despite Record-High Exports
U.S. propane inventories for the week ended June 23 increased by 2.6 MMbbl, which was slightly above industry expectations for a build of 2.5 MMbbl, despite record high exports which soared to 1.89 MMbbl/d.
