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 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.
U.S. propane inventories reached an all-time high as the Midwest led the weekly build and Gulf Coast stocks set a regional record.
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.
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.
