EIA reported that total U.S. propane/propylene inventories recorded a draw of 3.4 MMbbl for the week ended February 23, which was above the average of industry expectations for a draw of 2.1 MMbbl and the 1.9 MMbbl average decline for the week. Total U.S. propane stocks now stand at 51.2 MMbbl, which is on par with the 5-year average. Total U.S. propane/propylene stocks have dropped by 50 MMbbl over the last 17 weeks, compared to a decline of only 27.5 MMbbl for the same period last year. Additionally, the EIA reported weekly purity propane inventory data for the first time. Purity propane stocks were reported at 24.8 MMbbl, which is 48% of total U.S. inventories.
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- Analyst Insight
EIA Reports No Changes in Total U.S. Propane Stocks
Despite industry expectation for a weekly draw of 2.2 MMbbl, total U.S. propane inventories remain unchanged from the previous week.
- Analyst Insight
Total U.S. Propane Stocks Unchanged as Exports Continue to Rise
U.S. Propane stocks stagnant despite industry expectations while exports up 234 Mbbl/d from last week.
- Analyst Insight
EIA Reports Small Build In Total U.S. Propane Stocks
EIA Reports Small Build In Total U.S. Propane Stocks
