NGL MARKET RECAP
| January 29, 2014
January 29, 2014
Propane: US propane inventories fell by -3.6m bbl to 31.7m bbl for the week ended January 24, 2014, which is -14.8m bbl below the five-year average. PADD 3 inventories fell by -7.2%, or -1.4m bbl, to 18.6m bbl. PADD 2 stocks fell -14%, or -1.4m bbl, to 8.8m bbl, which is 8.3m bbl below the five-year average. In PADD 1, stocks fell by -19% or -595k bbl to stand at 2.6m bbl. Implied demand decreased -5% to 1.65 mb/d; imports fell by -49% to 118 kb/d and production was unchanged at 1.40 m.....
NGL MARKET RECAP
| January 23, 2014
January 23, 2014
Propane: US propane inventories fell by -3.4m bbl to 35.3m bbl for the week ended January 17, 2014, which is -14.4m bbl below the five-year average. PADD 3 inventories fell by -6%, or -1.2m bbl, to 20.1m bbl. PADD 2 stocks fell -12%, or -1.3m bbl, to 10.2m bbl, and in PADD 1, stocks decreased by -13% or -501k bbl to stand at 3.2m bbl. Implied demand increased +1% to 1.7 mb/d; imports were up +58% to 231 kb/d and production decreased -1% to 1.40 mb/d last week.
NGL MARKET RECAP
| January 15, 2014
January 15, 2014
Propane: US propane inventories fell by -3.8m bbl to 38.7m bbl for the week ended January 10, 2014, which is -14.8m bbl below the five-year average. PADD 3 inventories fell by -8%, or -1.9m bbl, to 21.3m bbl. PADD 2 stocks fell -12%, or -1.5m bbl, to 11.5m bbl, and in PADD 1, stocks decreased by -3% or -118k bbl to stand at 3.7m bbl. Implied demand increased +1% to 1.7 mb/d; imports were up +17% to 146 kb/d reflecting the arrival of a propane cargo in PADD 1A from Northwest Europe, and.....
NGL MARKET RECAP
| January 08, 2014
January 8, 2014
Propane: US propane inventories fell by -3.4m bbl to 42.4m bbl for the week ended January 3, 2014, which is -13.2m bbl below the five-year average. PADD 3 inventories fell by -8%, or -2.1m bbl, to 23.2m bbl. PADD 2 stocks fell -9%, or -1.2m bbl, to 13.1m bbl, and in PADD 1, stocks decreased by -95k bbl to stand at 3.8m bbl. Implied demand increased +22% to 1.7 mb/d; imports were up +19% to 125 kb/d and production increased +1% to 1.47 mb/d last week. In Focus: Northeast propane Des.....
NGL MARKET RECAP
| January 03, 2014
January 3, 2014
Propane: US propane inventories fell by -1.5m bbl to 45.9m bbl for the week ended December 27, 2013, which is -11.2m bbl below the five-year average. PADD 3 inventories fell by -2.1%, or -836k bbl, to 25.3m bbl. PADD 2 stocks fell -5.8%, or -877k bbl, to 14.3m bbl, and in PADD 1, stocks increased by +17k bbl to stand at 3.9m bbl. Implied demand decreased -9% to 1.41 mb/d; imports declined by -10% to 105 kb/d and production increased +1% to 1.45 mb/d last week.
NGL MARKET RECAP
| December 27, 2013
December 27, 2013
Propane: US propane inventories fell by -2.5m bbl to 47.4m bbl for the week ended December 20, 2013, which is -11.5m bbl below the five-year average. PADD 3 inventories fell by -4.5% to 25.9m bbl. PADD 2 stocks fell -5.1%, or -801k bbl, to 15.1m bbl, and in PADD 1, stocks declined by -274k bbl to 3.9m bbl. Implied demand decreased -4% to 1.55 mb/d; imports declined by -3% to 117 kb/d and production increased +2% to 1.44 mb/d last week.
NGL MARKET RECAP
| December 18, 2013
December 18, 2013
Propane: US propane inventories fell by -2.7m bbl to 50.0m bbl for the week ended December 13, 2013, which is -10.7m bbl below the five-year average. PADD 3 inventories fell by -4.3% to 27.1m bbl. PADD 2 stocks fell -5.8%, or -988k bbl, to 16.0m bbl, and in PADD 1, stocks declined by -266k bbl to 4.2m bbl. Implied demand increased +4% to 1.62 mb/d; imports declined by -9% to 121 kb/d and production dropped -5% to 1.41 mb/d last week.
NGL MARKET RECAP
| December 11, 2013
December 11, 2013
Propane: US propane inventories fell by -1.7m bbl to 52.6m bbl for the week ended December 6, 2013, which is -10.6m bbl below the five-year average. PADD 3 inventories increased for the first time in 12 weeks, adding a scant +100k bbl to stand at 28.3m bbl. PADD 2 stocks drew -1.5m bbl to 17m bbl reflecting heightened demand for the heating fuel, similar to PADD 1, where stocks declined by -189k bbl to 4.5m bbl. Implied demand decreased -7% to 1.56 mb/d; imports increased by +6% to 133 k.....
NGL MARKET RECAP
| December 04, 2013
December 4, 2013
Propane: US propane inventories fell by -2.7m bbl to 54.3m bbl for the week ended November 29, 2013, which is -9.8m bbl below the five-year average. PADD 3 inventories fell to their lowest levels since the end of May, and currently stand at 28.2m bbl. PADD 2 stocks drew -0.4m bbl while PADD 1 stocks posted a small gain. Implied demand increased +10.4% to 1.68 mb/d; imports were down by -6.0% to 126 kb/d and production was slightly lower at 1.46 mb/d last week.
NGL MARKET RECAP
| November 27, 2013
November 27, 2013
Propane: US propane inventories fell by -1.4m bbl to 56.9m bbl for the week ended November 22, 2013, which is -7.2m bbl below the five-year average. PADD 3 inventories fell for the ninth consecutive week, this time by -0.8m bbl and PADD 2 stocks by -0.6m bbl. Implied demand decreased -8.8% to 1.52 mb/d; imports jumped +9.8% to 134 kb/d and production was slightly higher at 1.47 mb/d last week.