The EIA reported a build of about 3 MMbbl in U.S. propane/propylene inventories for the week ended June 12, exceeding industry expectations for a 1.6 MMbbl build and the average build for the week of 2.2 MMbbl. Total U.S. propane/propylene inventories increased to 87.4 MMbbl, up 19.9 MMbbl, or 29%, from the same week last year and 22.4 MMbbl, or 35%, above the five-year average. Current inventory levels are also 10.5 MMbbl, or 14%, above the previous five-year maximum.
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Elevated U.S. Propane Inventories Mask Regional Tightness as Venezuela Launches LPG Exports
Elevated U.S. propane inventories continue to mask tightening conditions on the East Coast, while strong exports and Venezuela's first-ever LPG shipment to the U.S. highlight active waterborne trade flows.
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U.S. Propane Inventories Continue to Build as Exports Remain Strong
U.S. propane inventories continued their seasonal climb last week, reaching 90 MMbbl—24% above year-ago levels and 13% above the previous 5-year maximum. Meanwhile, U.S. propane exports remained elevated at 2.03 MMb/d, above both recent averages and 2025 levels.
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Regional Winter Draws Emerge, but U.S. Propane Stocks Stay Elevated
Propane draws are emerging where winter demand matters most, but overall U.S. supply remains comfortable.
