The EIA reported a 1.7 MMbbl draw in total U.S. propane/propylene inventories for the week ended February 20. While the draw exceeded industry expectations of a 1.4 MMbbl decline, it was smaller than the five-year average draw of 2.2 MMbbl for the same week. Total inventories now stand at 72.5 MMbbl, which is 20.9 MMbbl (41%) above year-ago levels, 11.9 MMbbl (20%) above the five-year maximum, and 23.7 MMbbl (49%) above the five-year average. A significant portion of the surplus continues to be held in PADD 3.
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- Analyst Insight
Regional Imbalances Persist in U.S. Propane Market Despite Weekly Draw
Despite a weekly draw, the U.S. propane market remains regionally imbalanced, with elevated inventories in key hubs and tighter supply on the East Coast.
- Analyst Insight
PADD 1 Propane Supply Remains Tight as U.S. Inventories Draw and Exports Rise
U.S. propane inventories drew down last week but remain elevated, while PADD 1 supply remains tight.
- Analyst Insight
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.
