Western Canada’s propane inventories at the end of February (red circle in left hand chart below) were posted at 1.8 MMbbl, with a larger than average decline of 1.4 MMbbl versus January and stand 1.1 MMbbl (-38%) below the five-year average (blue line) according to data from the Canada Energy Regulator (CER). Weather in Western Canada during the month was 16% colder than the historical average which contributed to the strong drawdown, with stock levels also influenced by rail and pipeline shipments from the region to other parts of North America which also experienced colder-than-average conditions during February.
Featured Articles
- Analyst Insight
Canadian LPG Stocks – Propane Inventories Still Tight; Butane Seasonally Plentiful
Canada's propane stocks remain very tight in both halves of the nation; butane stocks, on the other hand are plentiful for this time of year.
- Analyst Insight
Canadian LPG Stocks – Propane Inventories Still Tight; Butane Remains Plentiful
Canadian propane stocks are still seasonally low while butane stocks are the opposite and well above average for this time of year.
- Analyst Insight
Canadian LPG Stocks - Propane Stocks Below Average, Western Butane Stocks Still Very Tight
Propane stocks are still tight across Canada, while western butane inventories are still well below average.
