Canada's primary underground propane inventories increased by 11.3% in June, according to the Canada Energy Regulator (CER). The total represented a month-to-month increase of 101.4 Mcm. Compared to a year earlier, stocks were higher, with 205.2 Mcm, or 25.9%, more product on hand.
Propane storages in the West started June a bit higher at 773.4 Mcm, which corresponds to 4.9 MMbbl, the agency reported. From May to June, volumes increased by 87.5 Mcm, or 12.8%, and were 218.8 more the year prior's level of 554.6 Mcm.
Propane storages in the East started June higher at 224.1, commensurate with 1.4 MMbbl. This gain put propane 14 Mcm, or 6.7%, higher for the month, with a decrease of 13.6, or 5.7% below a year earlier.
Canadian butane inventories stood at 672.4 Mcm at the beginning of June, for an increase of 135.3 Mcm, or 25.3%, from May. Like propane, the year-over-year comparison finds butane volumes to be lower than the prior year's total, with inventories 104.8 Mcm, or 13.5%, below 2023.
Western butane supplies, at 459.4 Mcm, were higher by 73 Mcm, or 18.9%, from the previous months and were 50.4 Mcm, or 9.9%, less than last year. Eastern butane, at 213 Mcm, was 62.3 Mcm, or 41.3%, higher month over month, and totaled 54.4 Mcm, or 20.3%, below a year earlier.
