EIA reports US Propane/Propylene Stocks Rose 7.7% Last Wk


   
    

    

   OAKHURST, N.J. (DTN) --- The Energy Information Administration reports total 
domestic propane/propylene stocks of 55.694 million bbl in the week ending 
April 12, up a more than expected 3.989 million bbl week-on-week and 238,000 
bbl, or 0.4% higher than in the same week last year.

   Data show propane/propylene exports last week averaged 1.575 million bpd, up 
84,000 bpd week-on-week and 276,000 bpd, or 17.5%, lower than in the same week 
last year.

   Implied demand for propane/propylene in the United States averaged 675,000 
bpd, down 630,000 bpd week-on-week and 194,000 bpd, or 28.7% lower than in the 
same week last year.

   EIA reports domestic propane/propylene production averaged 2.735 million 
bpd, up 62,000 bpd week-on-week and 224,000 bpd, or 8.2% higher than in the 
same week last year.

   East Coast PADD 1 inventories ended the week at 3.83 million bbl, up 228,000 
bbl week-on-week and 599,000 bbl, or 15.6% lower than in the same week last 
year.

   Midwest PADD 2 inventories ended the week at 12.54 million bbl, up 50,000 
bbl week-on-week and 820,000 bbl, or 6.5% higher than in the same week last 
year.

   Gulf Coast PADD 3 inventories ended the week at 35.539 million bbl, up 3.427 
million bbl week-on-week and 1.538 million bbl, or 4.3% lower than in the same 
week last year.

   Combined inventories in the Rockies and the West Coast, PADD 4 and 5, ended 
the week at 3.785 million bbl, up 284,000 bbl week-on-week and 1.555 million 
bbl, or 41.1% higher than in the same week last year.




(c) Copyright 2024 DTN, LLC. All rights reserved.