Canada's primary underground propane inventories decreased by 22.93% in February, Canada Energy Regulator (CER). The total represented a month-to-month decrease of 324 Mcm. Compared to a year earlier, stocks were higher, with 24.9 Mcm, or 2.34%, more product on hand.
Propane storages in the West started February lower at 756.6 Mcm, which corresponds to 4.766 MMbbl, the agency reported. From January to February, volumes decreased by 137.6 Mcm, or 15.39%, and were 182.4 Mcm more the year prior's level of 574.2 Mcm.
Propane storages in the East started February lower at 332.5, commensurate with 2.095 MMbbl. This loss put propane 186.5 Mcm, or 35.93%, lower for the month, with a decrease of 157.5 Mcm, or 32.14%, below a year earlier.
Canadian butane inventories stood at 468.6 Mcm at the beginning of February, for a decrease of 170 Mcm, or 26.62%, from January. Unlike propane, the year-over-year comparison finds butane volumes to be lower than the prior year's total, with inventories 301.9 Mcm, or 39.18%, below 2023.
Western butane supplies, at 306 Mcm, were lower by 81.2 Mcm, or 20.97%, from the previous months and were 170.9 Mcm, or 35.84%, less than last year. Eastern butane, at 162.7 Mcm, was 88.7 Mcm, or 35.28%, lower month over month, and totaled 130.9 Mcm, or 44.58%, below a year earlier.
