Inventory 12/4/2024

The EIA reported U.S. propane inventory down 662,000 barrels for the week ending Nov 29. Industry expectations on average were for a draw of 2.25 million barrels. Over the last five years inventories have averaged a draw of 768,000 barrels during week 48 of the year. Ready for sale propane stocks were down 1.059 million barrels to 63.455 million barrels. That was 66.1% of the total propane/propylene inventory.

Crude inventory was down 5.073 million barrels. Gasoline inventory was up 2.362 million barrels. Distillates were up 3.348 million barrels.

Propane exports were up 821,000 bpd, imports down 40,000 bpd, production up 51,000 bpd, domestic demand down 860,000 bpd.

Propane prices were down 1/2¢ to 1¢ prior to the report and were holding those losses post report.
Crude was down a few cents per barrel before the report and remains there post report.

Inventory 11/14/2024

The EIA reported U.S. propane inventory down 2.141 million barrels for the week ending Nov 8. Industry expectations on average were for a draw of 900,000. Over the last five years inventories have averaged a draw of 784,000 barrels during week 45 of the year. Ready for sale propane stocks were down 1.718 million barrels to 65.737 million barrels. That was 66.8% of the total propane/propylene inventory.

Crude inventory was up 2.089 million barrels. Gasoline inventory was down 4.407 million barrels. Distillates were down 1.394 million barrels.

Propane exports down 506,000 bpd, imports up 9,000 bpd, production down 66,000 bpd, domestic demand up 609,000 bpd.

Propane prices are up slightly after the inventory report. Crude is holding on to gains made earlier in the day.

Inventory 11/6/2024

The Energy Information Administration (EIA) reported U.S. propane
inventories down 1.021 million barrels for the week ending
November 1. The draw put inventories at 100.509 million barrels,
2.061 million barrels, 2.1% above last year and 10.7% higher than the
five-year average for week 44 of the year.

A survey ahead of the report showed an average expectation for a
million-barrel draw. Over the last five years inventory had averaged
an 586,000-barrel draw during week 44. Ready-for-sale propane
stocks were down 945,000 barrels to 67.455 million barrels. That
was 67.1% of the total propane/propylene inventory.

U.S. propane production was down 11,000 bpd to 2.743 million bpd.
Propane imports were up 10,000 bpd to 110,000 bpd. Combined
supply was down 1,000 bpd. U.S. domestic propane demand was
down 600,000 bpd to 710,000 bpd while propane exports increased
711,000 bpd to 2.289 million bpd. Combined demand was up 111,000 bpd. Overall it was a 112,000bpd negative impact on U.S. propane supply resulting in an inventory draw of 146,000 bpd compared to a draw of 34,000 bpd the previous week.