Thursday, February 19, 2015
Canadian underground propane inventories fell 13.4% in January to post a monthly loss of 225.5 Mcm, according to the National Energy Board (NEB). As of Feb. 1, stocks stood at 1461.2 Mcm, the equivalent of 9.2 MMbbl. January’s decline followed volumes dropping 11.8% in December. Compared to a year earlier, however, supplies as of the beginning of February were a significant 274.1%, or 1070.6 Mcm, higher.
Propane storages in the West were down 10.6%, or by 104.5 Mcm, and began the new month at 885.7 Mcm, or 5.6 MMbbl. That level represented a gain of 310.6%, or 670.0 Mcm, from the previous year. In the East inventories fell a steeper 17.4%, or 121.0 Mcm, and as of Feb. 1 they were at 575.4 Mcm, or 3.6 MMbbl. Eastern stocks were up 229.0%, or 400.5 Mcm, from Feb. 1, 2014.
Canadian butane stocks began February at 551.9 Mcm, and lost 17.1%, or 113.6 Mcm, during January. Compared to the prior year, butane stood 20.6% higher, or by 94.2 Mcm. Western butane ended January at 302.8 Mcm, down 8.1%, or 26.6 Mcm, month over month. Eastern supplies, at 249.1 Mcm, dropped a sharper 25.9%, or 87.0 Mcm. A year-over-year comparison showed butane in the West off 7.3%, or 23.8 Mcm, while in the East inventories were up 90.0%, or 118.0 Mcm.
Propane storages in the West were down 10.6%, or by 104.5 Mcm, and began the new month at 885.7 Mcm, or 5.6 MMbbl. That level represented a gain of 310.6%, or 670.0 Mcm, from the previous year. In the East inventories fell a steeper 17.4%, or 121.0 Mcm, and as of Feb. 1 they were at 575.4 Mcm, or 3.6 MMbbl. Eastern stocks were up 229.0%, or 400.5 Mcm, from Feb. 1, 2014.
Canadian butane stocks began February at 551.9 Mcm, and lost 17.1%, or 113.6 Mcm, during January. Compared to the prior year, butane stood 20.6% higher, or by 94.2 Mcm. Western butane ended January at 302.8 Mcm, down 8.1%, or 26.6 Mcm, month over month. Eastern supplies, at 249.1 Mcm, dropped a sharper 25.9%, or 87.0 Mcm. A year-over-year comparison showed butane in the West off 7.3%, or 23.8 Mcm, while in the East inventories were up 90.0%, or 118.0 Mcm.
