EIA: US Propane/Propylene Supply Higher, Output DN on Week
6/12 9:44 AM
EIA: US Propane/Propylene Supply Higher, Output DN on Week OAKHURST, N.J. (DTN) --- The Energy Information Administration reports total domestic propane/propylene stocks of 69.808 million bbl in the week ending June 7, up 978,000 bbl week-on-week and 5.653 million bbl, or 8.1% lower than in the same week last year. Data show propane/propylene exports last week averaged 1.858 million bpd, up 66,000 bpd week-on-week and 209,000 bpd, or 11.2%, higher than in the same week last year. Implied demand for propane/propylene in the United States averaged 865,000 bpd, up 171,000 bpd week-on-week and 295,000 bpd, or 34.1% higher than in the same week last year. EIA reports domestic propane/propylene production averaged 2.767 million bpd, down 7,000 bpd week-on-week and 179,000 bpd, or 6.5% higher than in the same week last year. East Coast PADD 1 inventories ended the week at 5.211 million bbl, down 597,000 bbl week-on-week and 557,000 bbl, or 10.7% lower than in the same week last year. Midwest PADD 2 inventories ended the week at 20.137 million bbl, up 693,000 bbl week-on-week and 1.139 million bbl, or 5.7% higher than in the same week last year. Gulf Coast PADD 3 inventories ended the week at 40.036 million bbl, up 613,000 bbl week-on-week and 6.591 million bbl, or 16.5% 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 4.425 million bbl, up 271,000 bbl week-on-week and 358,000 bbl, or 8.1% higher than in the same week last year. (c) Copyright 2024 DTN, LLC. All rights reserved.
 
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