Supply and disposition of refined petroleum products, June 2018
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Released: 2018-09-14
Refinery production and refinery receipts of crude oil declined in June, while domestic sales increased compared with the same month in 2017.
Less crude oil received by refineries
Canadian refineries received 8.0 million cubic metres of crude oil in June, down 5.7% from the same month a year earlier. Despite the year-over-year decline, the level of crude oil received by refineries had returned to more normal levels in June. This followed extensive, planned maintenance work at several refineries in recent months.
Chart 1
Crude oil and equivalent products received by refineries
Domestic crude oil received by refineries increased 7.6% to 5.5 million cubic metres. Meanwhile, imports of crude oil to refineries were down 26.0% from June 2017 to 2.5 million cubic metres.
Crude oil inventories held at refineries totalled 3.1 million cubic metres in June, up 8.8% from the same month in 2017.
Crude oil used in refinery production declines
Total crude oil and equivalent products used in refinery production decreased 6.0% year over year to 8.1 million cubic metres in June.
Refinery production down and sales up
Production of refined petroleum products was down 3.0% year over year to 9.2 million cubic metres in June.
Domestic sales increased 2.0% to 9.2 million cubic metres.
Chart 2
Net refinery production by product
Imports increase while exports decline
In June, Canadian imports of refined petroleum products rose 27.7% from the same month a year earlier, to 1.6 million cubic metres.
Meanwhile, exports of refined petroleum products declined 8.0% to 2.1 million cubic metres.
Inventories up
Closing inventories of refined petroleum products held by refineries increased 1.4% year over year to 7.4 million cubic metres in June.
Second quarter review for 2018
Canadian refineries received 21.2 million cubic metres of crude oil in the second quarter, down 14.1% from the same quarter in 2017.
Over the same period, production of refined petroleum products decreased 14.3% to 23.8 million cubic metres. Widespread refinery shutdowns for planned maintenance contributed to the lowest refinery production in the second quarter since 1995.
Domestic sales increased 4.0% to 26.8 million cubic metres.
Imports of petroleum products rose 43.7% to 5.7 million cubic metres, while exports decreased 9.3% to 6.5 million cubic metres.
Note to readers
The Monthly Refined Petroleum Products survey collects data on the activities of every Canadian refinery involved in the production of refined petroleum products (North American Industry Classification System [NAICS] 324000) and of selected major distributors of these products (NAICS 412000).
Domestic sales include all sales by reporting companies, excluding exports and sales to other reporting companies.
Refinery receipts of crude oil and equivalent hydrocarbons (condensates and pentanes plus) from domestic and foreign sources are for refinery consumption or storage.
Data are subject to revisions.
Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).
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