The EIA reported that total U.S. propane/propylene inventories increased by 671 Mbbl in the week ended August 11, which was below average industry expectations for a 2.4-MMbbl gain and the 1.8 MMbbl average build for the week. Total U.S. propane stocks are now at 90.6 MMbbl, which is 16.2 MMbbl, or 22%, above the 5-year average. Weekly exports of propane reported by the EIA plunged to 1.4 MMb/d, down 400 Mb/d from last week and below the 4-week average of 1.53 MMb/d.
Featured Articles
- Analyst Insight
Propane Inventories Continue to Build in PADD 1 and Exports Fall to Lowest Level
PADD 1 propane stocks built for a second week after an import boost
- Analyst Insight
Propane Exports Reach Year-to-Date Peak
U.S. propane exports soar to 2.2 MMb/d, marking a year-to-date peak with a surge of 842 Mb/d from the previous week.
- Analyst Insight
U.S. Propane Inventories Build Below Expectations, Exports Still Affected by Beryl
Propane inventories build by 1.9 MMbbl as exports fall in aftermath of Beryl.
