Canadian Inventories Increase From September to October

Canada’s primary underground propane inventories increased by 8.17% in October, according to the Canada Energy Regulator. The total represented a month-to-month increase of 135.3 Mcm. Compared to a year earlier, stocks were lower, with 47.7 Mcm, or 2.59%, less product on hand. 

Propane storages in the West started October a bit higher at 1119.6 Mcm, which corresponds to 7.053 MMbbl, the agency reported. From September to October, volumes increased by 107 Mcm, or 10.57%, and were 78 less than the year prior’s level of 1197.6 Mcm.   

Propane storages in the East started October higher at 672.3, commensurate with 4.236 MMbbl. This gain put propane 28.3 Mcm, or 4.39%, higher for the month, with an increase of 30.2, or 4.7% above a year earlier. 

Canadian butane inventories stood at 1132.8 Mcm at the beginning of October, for a decrease of 150.8 Mcm, or 11.75%, from September. Like propane, the year-over-year comparison finds butane volumes to be lower than the prior year’s total, with inventories 178.5 Mcm, or 13.61%, below 2022.  

Western butane supplies, at 576.4 Mcm, were lower by 113.6 Mcm, or 16.46%, from the previous month and were 101.6 Mcm, or 14.99%, less than last year. Eastern butane, at 556.4 Mcm, was 37.2 Mcm, or 6.27%, lower month over month, and totaled 76.8 Mcm, or 12.13%, below a year earlier.