Western Canada’s propane inventories at the end of May (red line and text in left hand chart below) were posted at 3.5 MMbbl, with a stronger than average increase of 0.9 MMbbl versus April and stand 0.7 MMbbl (-16%) below the five-year average (blue line) according to data from the Canada Energy Regulator (CER). Weather in Western Canada during the month was warmer than the 10- and 30-year averages by around 22% and 32%, respectively, lowering propane use for heating needs, while stock levels in the region can also influenced by rail and pipeline shipments to other parts of North America. Inventories are still recovering from strong drawdowns during January and February when colder-than-average temperatures affected most of North America.
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 – February’s Cold Blast Drains Propane Inventories; West Butane Looking Tight
February's cold further drained already lower-than-average of propane stocks across Canada; western butane stocks are still tight despite a smaller-than-average withdrawal in the month.
- Analyst Insight
Canadian LPG Stocks – Propane Stocks Still Tight; Butane Stocks Plentiful
Canada's propane stocks remain tight as more heads to overseas exports; butane stocks remain plentiful.
