Canadian Inventories Increase from September to October 2022

Canada’s primary underground propane inventories increased by 5.14% in October, according to the Canada Energy Regulator. The total represented a month-to-month increase of 90 Mcm. Compared to a year earlier, stocks were lower, with 182.2 Mcm, or 9.01%, less product on hand. 

Propane storages in the West started October a bit higher at 1197.6 Mcm, which corresponds to 7.545 MMbbl, the agency reported. From September to October, volumes increased by 36.3 Mcm, or 3.13%, and were 165.7 more than the year prior’s level of 1031.9 Mcm.  

Propane storages in the East started October higher at 642.1, commensurate with 4.04523 MMbbl. This gain put propane 53.7 Mcm, or 9.13%, higher for the month, with a decrease of 347.8, or 35.13% below a year earlier.  

Canadian butane inventories stood at 1311.3 Mcm at the beginning of October, for an increase of 9.5 Mcm, or 0.73%, from September. Like propane, the year-over-year comparison finds butane volumes to be higher than the prior year’s total, with inventories 338.8 Mcm, or 34.84%, above 2021.  

Western butane supplies, at 678 Mcm, were lower by 34.3 Mcm, or 4.82%, from the previous months and were 148.4 Mcm, or 28.02%, more than last year. Eastern butane, at 633.2 Mcm, was 43.6 Mcm, or 7.39%, higher month over month, and totaled 190.2 Mcm, or 42.93%, above a year earlier.

Source: Canada Energy Regulator