EIA: Propane Stocks Drop As Exports Jump to 17-Mo High

VIENNA (DTN) – The Energy Information Administration reported on Wednesday (4/29) total domestic propane/propylene stocks of 78.846 million bbl in the week ending April 24, down 1.144 million bbl week-on-week and 31.64 million bbl, or 67% higher than in the same week last year.

Data show propane/propylene exports last week averaged 2.26 million bpd, up 170,000 bpd week-on-week and 278,000 bpd, or 14%, higher than in the same week last year, and the highest since the week ending November 1, 2024.

Implied demand for propane/propylene in the United States averaged 988,000 bpd, up 294,000 bpd week-on-week and 110,000 bpd, or 12.5% higher than in the same week last year.

EIA reports domestic propane/propylene production averaged 2.977 million bpd, up 1,000 bpd week-on-week and 125,000 bpd, or 4.4% higher than in the same week last year.

East Coast PADD 1 inventories ended the week at 3.598 million bbl, down 1.144 million bbl week-on-week and 413,000 bbl, or 10.3% lower than in the same week last year.

Midwest PADD 2 inventories ended the week at 15.578 million bbl, up 553,000 bbl week-on-week and 5.543 million bbl, or 55.2% higher than in the same week last year.

Gulf Coast PADD 3 inventories ended the week at 56.507 million bbl, down 388,000 bbl week-on-week and 25.985 million bbl, or 85.1% higher than in the same week last year.

Combined inventories in the Rockies and the West Coast, PADD 4 and 5, ended the week at 3.163 million bbl, down 165,000 bbl week-on-week and 526,000 bbl, or 19.9% higher than in the same week last year.