The EIA reported that total U.S. propane/propylene inventories built by 106 Mbbl for the week ended October 6, which was below average industry expectations for a 543-Mbbl gain and the 591 Mbbl average build for the week. Total U.S. propane stocks are now at 101.5 MMbbl, which is 14.7 MMbbl, or 17%, above the 5-year average. Weekly exports soared to a record high, increasing by 152 Mbbl/d to 2,129 Mbbl/d, well above the 4-week average of 1,844 Mbbl/d, also an all-time high.
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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 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.
- Analyst Insight
Propane Stocks Bump To New High
Despite recording two withdrawals in a row, total U.S. propane/propylene inventory levels are above the five-year maximum amid steady production.
