The EIA reported that total U.S. propane inventories increased by 2.6 MMbbl for the week ended June 23. The build was slightly above industry expectations for an increase of 2.5 MMbbl and the 2.1 MMbbl average build for the week. Total U.S. propane stocks are now at 79.5 MMbbl, which is 17.9 MMbbl, or 29%, above the 5-year average.
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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 Inventories Rise; Exports Hold Near Recent Averages
Propane inventories tick higher (≈1% vs. last year); exports holding near recent averages.
- Analyst Insight
U.S. Propane Inventories Build More Than Industry Expectations; Exports Remain Robust
U.S. propane inventories post a robust build of 3.1 MMbbl for the week ended June 9, exceeding industry expectations despite strong exports.
