Weekly exports of propane, as reported by the EIA on April 19, reached an all-time high for the week ending April 14. Exports went up by 394 Mbbl/d to 1.85 MMbbl/d, which was above the four-week average of 1.61 MMbbl/d. Propane exports for the week were also well above the 2022 annual average rate of 1.38 MMbb/d. As shown on the chart below, exports have been robust so far in 2023 with weekly exports averaging 384 Mb/d more than the same period last year.
Featured Articles
- Analyst Insight
U.S. Propane Inventories Build Less Than Expectations for 2nd Consecutive Week
U.S. propane inventories build 1.85 MMbbl less than industry expectations as exports drop from last week's record high rate.
- Analyst Insight
U.S. Propane/Propylene Stocks Surge as Exports Plunge
Record‐breaking propane stock build meets a sharp export slump
- Analyst Insight
U.S. Propane Weekly Inventories Draw by 2.2 MMbbl as EIA Issues Notification of Errors in PADD 2
U.S. propane inventories draw about 700 Mbbl more than industry expectations while the EIA identifies errors in PADD 2 stocks affecting various calculations.
