Data reported by the Canada Energy Regulator (CER) for Western Canada’s propane inventories at the end of June (left hand chart in top figure below) were posted at 6.09 MMb, with an above average seasonal build of 1.23 MMb versus May and stand 1.51 MMb (+33%) above the five-year average. In Eastern Canada (right hand chart) stocks were reported as 1.70 MMb, with a well below average increase of 0.29 MMb versus May and stand 1.39 MMb (-45%) below the five-year average. Near record natural gas production appears to have been the driver of the strong build in Western Canada, while stocks in Eastern Canada continue to build more slowly on reduced shipments from Western Canada.
Featured Articles
- Analyst Insight
Canadian Propane Stocks Comfortable, Butane Stocks Remain Tight
Canadian propane stocks remain at a comfortable level across Canada, while butane stocks remain tight compared to historical averages.
- Analyst Insight
Canadian Propane Stocks Trending Well Above Average, Tightness Easing for Butane Stocks
Canada's propane stocks are trending well above average, while the tightness in butane stocks is beginning to ease.
- Analyst Insight
Canadian LPG Stocks - Propane Shifts Tighter, Butane Holds in Five-Year Range
Canadian propane and butane stock builds have slowed in the past couple of months as moderating Canadian natural gas output is starting to take a toll on the production of these two products.
