The EIA reported that total U.S. propane/propylene inventories increased by 1.6 MMbbl in the week ended September 15, which was below average industry expectations for a 2.2-MMbbl gain but above the 1 MMbbl average build for the week. Total U.S. propane stocks are now at 100.7 MMbbl, which is 17.2 MMbbl, or 21%, above the 5-year average. Weekly exports of propane reported by the EIA plunged to 1.23 MMbbl/d, down 439 Mbbl/d from last week and below the 4-week average of 1.54 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
U.S. Propane/Propylene Stocks Surge as Exports Plunge
Record‐breaking propane stock build meets a sharp export slump
- Analyst Insight
U.S. Propane Inventory Build Fails to Meet Expectations
U.S. propane inventories built by only 512 Mbbl which was below industry expectations by 1.7 MMbbl as PADD 3 (Gulf Coast) stocks drew by 1.1 MMbbl for the week ended September 1.
