EIA: Propane/Propylene Stocks Drop on Week, 14% Above Y-o-Y


   
Maria Eugenia Garcia
DTN Energy Editor

   HOUSTON, TX (DTN) -- The Energy Information Administration reported on 
Wednesday (12/29) total domestic propane/propylene stocks of 99.539 million bbl 
in the week ending December 19, down 459,000 bbl week-on-week and 13.944 
million bbl, or 14% higher than in the same week last year.
Data show propane/propylene exports last week averaged 2.11 million bpd, up 
108,000 bpd week-on-week and 399,000 bpd, or 18.9%, higher than in the same 
week last year.
Implied demand for propane/propylene in the United States averaged 910,000 bpd, 
down 271,000 bpd week-on-week and 824,000 bpd, or 90.5% lower than in the same 
week last year.
EIA reports domestic propane/propylene production averaged 2.788 million bpd, 
up 5,000 bpd week-on-week and 111,000 bpd, or 4% higher than in the same week 
last year.
East Coast PADD 1 inventories ended the week at 8.01 million bbl, up 11,000 bbl 
week-on-week and 599,000 bbl, or 7.5% higher than in the same week last year.
Midwest PADD 2 inventories ended the week at 24.494 million bbl, down 1.302 
million bbl week-on-week and 1.628 million bbl, or 6.6% higher than in the same 
week last year.
Gulf Coast PADD 3 inventories ended the week at 61.963 million bbl, up 775,000 
bbl week-on-week and 11.297 million bbl, or 18.2% 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 5.07 million bbl, up 55,000 bbl week-on-week and 419,000 bbl, or 8.3% 
higher than in the same week last year.

    




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