|  Clifton Linton

Propane/Propylene Stocks Fall 5.7 MM bbl to 86.9 MM bbl in Dec. 23 Week: DOE

Strong exports and robust winter demand contributed to a 5.7 million bbl decline in U.S. propane/propylene inventories to 86.9 million bbl in the week ending Dec. 23. The Department of Energy (DOE) reported this week that stocks dropped 6.1% for the week. Stocks were down 11.1% from year-ago levels. Exports shot up an average of 471,000 b/d to an average of 1.3 million b/d for the week. Exports were up an average of 602,000 b/d from year-ago levels. In turn, Gulf Coast (PADD 3) stocks fell 4.4 million bbl to 53.4 million bbl for the week. Peter Fasullo, principal with En*Vantage, a petroleum industry analysis firm, questioned the export figures and total...

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