US propane supplies increase for 12th straight week

18 June 2014 17:02 Source:ICIS News

HOUSTON (ICIS)--US propane supplies gained 4.0%, marking three straight months of gains, the US Energy Information Administration (EIA) said on Wednesday.

Production fell to 1.456m bbl/day, down from of 1.504m bbl/day the week prior. Production levels remain historically high, despite the week-on-week decrease. Year on year, production is up by 9.8% from 1.326m bbl/day in the same week a year ago.

A 22.9% increase in consumption helped slow the growth in supplies.

Exports were steady at 308,000 bbl/day.

 

13-June

6-June

30-May

23-May

 

Propane Stocks

51.2

49.2

45.8

42.1

m bbl

Propane Consumption

934

760

716

1,034

bbl/d *

*figures in thousand bbl

By Bobbie Clark