Canadian Inventories Increase From October to November

Canada’s primary underground propane inventories increased by 1.56% in November, according to the Canada Energy Regulator. The total represented a month-to-month increase of 27.9 Mcm. Compared to a year earlier, stocks were lower, with 73.7 Mcm, or 3.89%, less product on hand. 

Propane storages in the West started November a bit higher at 1138 Mcm, which corresponds to 7.169 MMbbl, the agency reported. From October to November, volumes increased by 18.4 Mcm, or 1.64%, and were 25.5 less the year prior’s level of 1163.5 Mcm.   

Propane storages in the East started November higher at 681.9, commensurate with 4.29597 MMbbl. This gain put propane 9.6 Mcm, or 1.43%, higher for the month, with a decrease of 48.2, or 6.6% below a year earlier.  

Canadian butane inventories stood at 1010.3 Mcm at the beginning of November, for a decrease of 122.5 Mcm, or 10.81%, from October. Like propane, the year-over-year comparison finds butane volumes to be lower than the prior year’s total, with inventories 240.9 Mcm, or 19.25%, below 2022.  

Western butane supplies, at 545.6 Mcm, were lower by 30.8 Mcm, or 5.34%, from the previous month and were 145.5 Mcm, or 21.05%, less than last year. Eastern butane, at 464.7 Mcm, was 91.7 Mcm, or 16.48%, lower month over month, and totaled 95.4 Mcm, or 17.03%, below a year earlier.