Canadian Inventories Decrease From February to March

Canada’s primary underground propane inventories decreased by 28.57% in March, Canada Energy Regulator (CER). The total represented a month-to-month decrease of 311.3 Mcm. Compared to a year earlier, stocks were higher, with 100 Mcm, or 14.75%, more product on hand.

Propane storages in the West started March a bit lower at 561.8 Mcm, which corresponds to 3.539 MMbbl, the agency reported. From February to March, volumes decreased by 194.8 Mcm, or 25.75%, and were 211.6 Mcm more the year prior’s level of 350.2 Mcm. Propane storages in the East started March lower at 216 Mcm, commensurate with 1.361 MMbbl. This loss put propane 116.5 Mcm, or 35.04%, lower for the month, with a decrease of 111.6, or 34.07% below a year earlier.

Canadian butane inventories stood at 365.8 Mcm at the beginning of March, for a decrease of 102.8 Mcm, or 21.94%, from February. Like propane, the year-over-year comparison finds butane volumes to be lower than the prior year’s total, with inventories 221.5 Mcm, or 37.71%, below 2023.

Western butane supplies, at 238.8 Mcm, were lower by 67.2 Mcm, or 21.96%, from the previous months and were 150.4 Mcm, or 38.64%, less than last year. Eastern butane, at 127 Mcm, was 35.7 Mcm, or 21.94%, lower month over month, and totaled 71.1 Mcm, or 35.9%, below a year earlier.