The EIA reported that total U.S. propane/propylene inventories built by 806 Mbbl for the week ended October 13, which was above average industry expectations for a 260-Mbbl gain and the 222 Mbbl average build for the week. Total U.S. propane stocks now stand at 102.3 MMbbl, which is 15.7 MMbbl, or 18.1%, above the 5-year average. Weekly exports tumbled from the prior week record high, dropping by 983 Mbbl/d to 1,146 Mbbl/d, and well below the 4-week average of 1,823 Mbbl/d.
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U.S. Propane Inventories Relatively Unchanged as Exports Rebound
U.S. Propane inventories increase below industry expectations as exports recover.
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U.S. Propane Inventories Mirror 2023 With Record High Production and Strong Exports
U.S. Propane stocks draw less than industry expectations by 1.6 MMbbl with production ramping up to record high.
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Weekly U.S. Propane Inventories Post Strong Build As Exports Plunge
Total U.S. propane inventories soared by the largest increase recorded in the last 10 years for the reporting period.
