RBN Energy Supply Update

The EIA reported total U.S. propane/propylene inventories had a withdrawal of 7.8 MMbbl for the week ending January 24, which was more than industry expectations for an increase of 3.9 MMbbl and above the average draw for the week of 4 MMbbl. This is the second-highest storage withdrawal on record. Storage levels were 6% above the same period last year. Purity propane stocks reported by the EIA were at 38.9 MMbbl, or 59% of total U.S. inventories, down 7.3 MMbbl from the prior reporting period.

Visit NPGA’s Inventory Trends section for the full weekly report, monthly report, and data analysis. Questions?  Contact Kate Gaziano, Director of Regulatory Affairs and Associate General Counsel.