NPGA Bobtail

RBN Energy Weekly Supply Update

Bottom Line: Modest inventory builds, strong exports continue.

RBN Energy analysis shows that nationwide inventory stock levels were below industry expectations for the fourth week in a row.  While the Midwest finally crested over the five-year minimum and slightly above this time last year, the Gulf Coast experienced a significant draw down as the export market remains healthy.  For the first time this summer, the Rocky Mountain region and the West Coast also experienced a draw down, placing inventory stocks below the five-year minimum.  In contrast, the East Coast inventories increased above the five-year minimum, which may be due to pending exports from Mariner 2. Overall production, however, still exceeds export demands by nearly double.

Access the full weekly report to read more about the current inventory levels and likely causes, including the impact on exports of ongoing lock-downs in China and the geopolitical conflict in Europe.  Visit NPGA’s Inventory Trends section for the full weekly report, monthly report, and data analysis.

Questions? Contact NPGA Vice President, Regulatory & Industry Affairs Sarah Reboli.