Canada's primary underground propane inventories decreased by 7.6% in April, according to the Canada Energy Regulator (CER). The total represented a month-to-month decrease of 59.4 Mcm. Compared to a year earlier, stocks were higher, with 225.2 Mcm, or 45.7%, more product on hand.
Propane storages in the West started April a bit lower at 547.3 Mcm, which corresponds to 3.448 MMbbl, the agency reported. From March to April, volumes decreased by 14.5 Mcm, or 2.6%, and were 280.1 more the year prior's level of 267.2 Mcm.
Propane storages in the East started April lower at 171.2, commensurate with 1.1 MMbbl. This loss put propane 44.8 Mcm, or 20.7%, lower for the month, with a decrease of 54.8, or 24.2% below a year earlier.
Canadian butane inventories stood at 420.3 Mcm at the beginning of April, for an increase of 54.5 Mcm, or 14.9%, from March. The year-over-year comparison finds butane volumes to be lower than the prior year's total, with inventories 172.1 Mcm, or 29.1%, below 2023.
Western butane supplies, at 308.3 Mcm, were higher by 69.5 Mcm, or 29.1%, from the previous month and were 119.9 Mcm, or 28%, less than last year. Eastern butane, at 112 Mcm, was 15 Mcm, or 11.8%, lower month over month, and totaled 52.2 Mcm, or 31.8%, below a year earlier.
