The EIA reported that total U.S. propane inventories increased by 1.6 MMbbl for the week ended June 30. The build was below industry expectations for an increase of 2.7 MMbbl and the 2 MMbbl average build for the week. Total U.S. propane stocks are now at 81.1 MMbbl, which is 17.5 MMbbl, or 27%, above the 5-year average.
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- Analyst Insight
Strong Propane Inventory Build as Stocks Increase in All Regions
U.S. propane inventories built 900 Mbbl more than industry expectations as exports remain robust.
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U.S. Propane/Propylene Storage Spikes Past Expectations
Boom: +4 MMbbl propane build.
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U.S. Propane Inventories Continue to Build as Exports Decline
Propane inventories build 500 Mbbl less than industry expectations while export drop 131 Mb/d from the prior week.
