U.S. propane inventories posted a counterseasonal 1.4-MMbbl draw. Stocks remain historically high, but continued draws or below-normal builds could quickly narrow the surplus ahead of the winter heating season.
U.S. propane inventories reached an all-time high as a larger-than-expected build lifted Gulf Coast stocks to record levels.
A counterseasonal draw pulled U.S. propane inventories lower as exports and product supplied increased, but stocks remained well above historical levels.
U.S. propane inventories climbed to a second consecutive record as Gulf Coast and Midwest stocks accounted for approximately 92% of the weekly build. If inventories continue building at a similar pace, total stocks could approach 119 MMbbl by early October.
AltaGas has delayed the startup of its Ridley Island Energy Export Facility, so buyers won’t have the benefit of increased fuel supplies this winter. Today, we review industry plans to expand LPG export capacity on North America’s west coast, and how this could impact North American LPG markets.
At the end of July, propane stocks in Western Canada were at above normal, while propane stocks in Eastern Canada continue to be below normal and similar to this time last year, according to data published by the Canadian Energy Regulator on August 18.
U.S. propane inventories reached an all-time high as the Midwest led the weekly build and Gulf Coast stocks set a regional record.
AltaGas has delayed the startup of its Ridley Island Energy Export Facility, so buyers won’t have the benefit of increased fuel supplies this winter. Today, we review the existing LPG export terminals on North America’s west coast and how their growth has impacted Western Canadian LPGs.
U.S. propane inventories rose more than expected, reaching their highest level since last fall and climbing 30% above the five-year average. The East Coast drove this week’s build, while the Gulf Coast remained the foundation of the country’s elevated inventory position.
U.S. propane inventories posted a smaller-than-expected 817-Mbbl build, while PADD 3 stocks reversed course with a counter-seasonal draw—even as weekly exports declined.
