Christine Groenewold is the senior product analyst at RBN Energy, committed to scalable solutions for the last 10 years. She specializes in vessel tracking of oil and gas products across the globe and is responsible for daily data mining of core data. Outside of work, Christine is passionate about travel, dogs, and classic rock music from the 70s.
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.
U.S. propane inventories reached their highest level recorded for the same reporting week, led by record PADD 3 stocks, while production declined for a third consecutive week.
Ethane continues to lead net petchem margins in July, while propane has more than tripled from a year ago and natural gasoline remains negative.
A sizable U.S. propane build lifted total stocks to nearly 100 MMbbl and pushed PADD 3 inventories to a record high.
The frac spread edged lower in July but remains about 20% above year-ago levels, with propane and natural gasoline continuing to provide the largest contributions.
