The EIA reported actual U.S. propane inventory of 101.4 million barrels for the month of October 2019 (45 days of demand) and the outlook for total propane inventory is further declines through April 2020. The April 2020 inventory level is currently project to approach 60 million barrels, in line with 2019 inventory levels. The outlook for propane supply, demand, imports, and exports for full year 2020 has been revised to reflect slower production growth resulting from slower U.S. upstream activity as a reaction to lower U.S. natural gas prices and lower global crude oil prices.
Full Inventory Trends Reports are for NPGA members only. To read and download the January report, click here.