US oil and gas rig count declined for the week ending July 25, closing the month of July with a decrease of two rigs to 542 according to Baker Hughes data.

The first export cargo at Enterprise's new Neches River ethane terminal is loading onto the Navigator Eclipse. Neches River is a new site for Enterprise's LPG/ethane exports and has a capacity of 120 Mb/d; all previous LGP/ethane exports were shipped either out of the Enterprise Hydrocar

Western Canada’s propane inventories at the end of June (red line and text in left hand chart below) were posted at 3.9 MMbbl, with a well below average build of 0.4 MMbbl versus May and stand 1.5 MMbbl (-28%) below the five-year average (blue line) according to data from the Canada Energy Regula

The EIA reported total U.S. propane/propylene inventories had a withdrawal of 522 Mbbl for the week ended July 18, a sharp contrast to industry expectations for an increase of 2.9 MMbbl and the average build for the week of 1.1 MMbbl.

Over the past three weeks, crude oil exports out of the Gulf Coast have averaged just above 3.1 MMb/d.