Data reported by the Canada Energy Regulator (CER) for Western Canada’s propane inventories at the end of August (red line in left hand chart below) were posted at 7.2 MMb, sporting a well below average build of 0.1 MMb versus July and stand 0.1 MMb (-0.6%) below the five-year average (blue line). In Eastern Canada (right hand chart) August stocks were reported as 3.3 MMb (red line), with a below average increase of 0.5 MMb versus July and stand 1.1 MMb (-25%) below the five-year average (blue line). Moderating natural gas production due to very low natural gas prices appears to have been the driver of the very slight build in Western Canada, while stocks in Eastern Canada continue to build more slowly on reduced shipments from Western Canada.
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- Analyst Insight
Canadian LPG Stocks - Propane and Butane Stocks Were Materially Tighter in September
Price driven gas production curtailments in Western Canada during September had a significant negative impact on Canada's stock holdings of propane and butane.
- 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 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.
