Canadian Inventories Increase From June to July

Canada’s primary underground propane inventories increased by 46.45% in July, according to the Canada Energy Regulator. The total represented a month-to-month increase of 368 Mcm. Compared to a year earlier, stocks were lower, with 18.8 Mcm, or 1.59%, less product on hand. 

Propane storages in the West started July a bit higher at 790.8 Mcm, which corresponds to 4.982 MMbbl, the agency reported. From June to July, volumes increased by 236.2 Mcm, or 42.59%, and were 3.6 more than the year prior’s level of 787.2 Mcm.   

Propane storages in the East started July higher at 369.5, commensurate with 2.328 MMbbl. This gain put propane 131.8 Mcm, or 55.45%, higher for the month, with a decrease of 22.4, or 5.72% below a year earlier. 

Canadian butane inventories stood at 990.9 Mcm at the beginning of July, for an increase of 213.7 Mcm, or 27.5%, from June. Like propane, the year-over-year comparison finds butane volumes to be lower than the prior year’s total, with inventories 50.2 Mcm, or 4.82%, below 2022.  

Western butane supplies, at 570.2 Mcm, were higher by 60.4 Mcm, or 11.85%, from the previous months and were 83.7 Mcm, or 12.80%, less than last year. Eastern butane, at 420.7 Mcm, was 153.3 Mcm, or 57.33%, higher month over month, and totaled 33.5 Mcm, or 8.65%, above a year earlier.