The OilSpot News from DTN Energy
Monday, June 23, 2003 VOLUME 1 ISSUE 49  


FRONT PAGE
Heavy Imports Bulk Up Domestic Propane Supply


As of June 13, domestic stockpiles of propane stood at 39.7 million barrels, a one-week gain of 3.7 million barrels, with imports quickly aiding the restocking process, according to the Energy Information Administration.

 

“Since the beginning of June, propane imports have totaled about 3.3 million barrels, a level that could possibly reach, by month’s end, one of the highest monthly levels ever,” EIA said. “The highest monthly propane import level of 9.7 million barrels was reached during January 2001.”

 

The agency reported nearly three-quarters of the total weekly imports last moved into the Gulf Coast, which are typically waterborne from the North Sea, South America and Algeria. Midwest imports, that measured about 400,000 barrels, are entirely from Canada.

 

Regional stockbuilds in the Gulf Coast and Midwest showed nearly identical gains of 1.8 million barrels last week, while the East Coast reported a small decline of less than 100,000 barrels. EIA reported that while U.S. inventories continue to follow a path slightly below the average range for this time of year, regional inventories continued on mixed paths, with East Coast inventories slightly above the average range, Midwest supplies below the average range and the Gulf Coast seeing supplies near the lower limit of the average range.

 

Propane Stocks (Million Barrels)

Propane Stocks

 

Most Recent

Year Ago

 

05/02/03

05/09/03

05/16/03

05/23/03

05/30/03

06/06/03

06/13/03

06/14/02

U.S.

23.518

26.753

28.879

30.362

33.220

36.093

39.743

NA

East Coast (PADD I)

2.976

3.868

3.881

3.877

4.368

4.413

4.357

NA

   New England (PADD IX)

0.416

0.721

0.676

0.606

0.968

0.905

0.851

NA

   Central Atlantic (PADD IY)

1.176

1.211

1.205

1.226

1.323

1.358

1.301

NA

   Lower Atlantic (PADD IZ)

1.384

1.936

2.000

2.046

2.076

2.150

2.205

NA

Midwest (PADD II)

7.352

8.241

8.734

8.953

9.529

10.239

12.014

NA

Gulf Coast (PADD III)

12.071

13.371

14.888

16.086

17.741

19.722

21.479

NA

Nonfuel Use (PADD I - III)

1.376

1.459

1.722

1.913

1.980

2.288

2.243

NA


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