Supply and disposition of refined petroleum products, August 2018
Key indicators were mixed in August. While refinery receipts of crude oil and refinery production were up during the month, domestic sales of refined petroleum products decreased compared with the same month in 2017.
Refinery receipts up
Canadian refineries received 9.1 million cubic metres of crude oil in August, up 8.2% from the same month a year earlier.
Domestic crude oil received by refineries was down 6.7% to 5.9 million cubic metres.
Imports of crude oil to refineries, which tend to be volatile, were up 51.7% from August 2017 to 3.3 million cubic metres.
Crude oil inventories held at refineries totalled 3.3 million cubic metres in August, up 25.5% from the same month in 2017.
Crude oil used in refinery production declines
Total crude oil and equivalent products used in refinery production decreased 2.9% year over year to 8.7 million cubic metres in August.
Refinery production up and sales down
Production of refined petroleum products was up 1.0% year over year to 10.1 million cubic metres in August.
Over the same period, domestic sales were down 1.0% to 9.8 million cubic metres.
Imports and exports decline
In August, Canadian imports of refined petroleum products were down 20.9% from the same month a year earlier to 1.2 million cubic metres.
Meanwhile, exports of refined petroleum products declined 4.4% to 2.3 million cubic metres.
Closing inventories of refined petroleum products held by refineries increased 5.0% year over year to 7.7 million cubic metres in August. The main contributors to the increase were diesel fuel oil (+9.9%) and aviation turbo fuel (+30.3%).
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.
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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