Canadian Inventories Decrease From March to April

Canada’s primary underground propane inventories decreased by 27.24% in April, according to the Canada Energy Regulator. The total represented a month-to-month decrease of 184.6 Mcm. Compared to a year earlier, stocks were higher, with 120 Mcm, or 32.15%, more product on hand. 

Propane storages in the West started April a bit lower at 267.2 Mcm, which corresponds to 1.683 MMbbl, the agency reported. From March to April, volumes decreased by 83 Mcm, or 23.7%, and were 44.8 less than the year prior’s level of 312 Mcm.   

Propane storages in the East started April lower at 226, commensurate with 1.4238 MMbbl. This loss put propane 101.6 Mcm, or 31.01%, lower for the month, with an increase of 164.8, or 269.28% above a year earlier. 

Canadian butane inventories stood at 592.4 Mcm at the beginning of April, for an increase of 5.1 Mcm, or 0.87%, from March. Like propane, the year-over-year comparison finds butane volumes to be higher than the prior year’s total, with inventories 100.7 Mcm, or 20.48%, above 2022.  

Western butane supplies, at 428.2 Mcm, were higher by 39 Mcm, or 10.02%, than the previous month’s and were 34.6 Mcm, or 8.79%, more than last year. Eastern butane, at 164.2 Mcm, was 33.9 Mcm, or 17.11%, lower month over month, and totaled 66.1 Mcm, or 67.38%, above a year earlier.