Western Canada’s propane inventories at the end of July (red line and text in left hand chart below) were posted at 5.4 MMbbl, with a seasonal average build of 1.5 MMbbl versus June and stand 1.4 MMbbl (-21%) below the five-year average (blue line) according to data from the Canada Energy Regulator (CER). A series of factors appear to have come into focus in recent months resulting in Western Canada’s propane stocks remaining well below the five-year average including increased demand in Alberta (+17 Mb/d year-to-date versus 2024) and greater exports from Alberta to other parts of Canada and to overseas destinations via export terminals in British Columbia. Alberta propane production did increase materially in July versus June (+33 Mb/d, +16%) as fractionators exited turnarounds. Inventories have yet to fully recover from strong drawdowns during January and February when colder-than-average temperatures affected most of North America.
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- 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 Falls Further Below 5-Year Average; Butane in Good Shape
Canada's propane stocks remain very tight versus the five-year average, while butane remains in good shape at or above the five-year average.
- 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.
