US propane, propylene inventories drop for first time in over five months: EIA

摘要

Houston — US propane and propylene stocks declined 78,000 barrels to 76.04 million barrels in the reporting week that ended September 5, Energy Information Administration data showed Wednesday. Before the most recent week, US stocks rose every week since the reporting week that ended March 28. The drop in the inventory implies that the injection season, which started in April, is at an end, sources said. Only inventories in the Midwest increased, rising 638,000 barrels to a total of 26.23 million barrels. In the previous five years, Midwest stocks declined an average of 489,000 barrels in the comparable week. Stocks in that region now stand 4.04 million barrels higher than in the year-ago week.