Analysis – February 2013
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Domestic sales of refined petroleum products in February 2013 totalled 7.7 million cubic metres, 176 thousand cubic metres (-2.2%) lower than February the previous year.
January to February 2013 domestic sales of petroleum products were up 537 thousand cubic metres (+3.3%) compared to the same two month period in 2012.
Motor gasoline sales totalled 3.3 million cubic metres, 8.8 thousand cubic metres (-0.3 %) lower than February 2012. Diesel fuel oil sales totalled 2.3 million cubic metres; 59 thousand cubic metres (+2.7 %) above a year earlier.
Refinery production in February 2013 totalled 8.8 million cubic metres, 367 thousand cubic metres (-4.0 %) below February 2012.
Canadian refineries received 8.3 million cubic metres of crude oil, 197 thousand cubic metres (-2.3 %) below February 2012.
Refinery receipts of domestic crude oils totalled 4.9 million cubic metres, 99 thousand cubic metres (-2.0%) lower than a year earlier.
Crude oil imports totalled 3.4 million cubic metres 98 thousand cubic metres (-2.8%) below February 2012. Imports represented 40.8% of total refinery requirements.
OPEC sources led by Algeria and Saudi Arabia accounted for 43.6% of foreign supply. Supply from the North Sea, accounted for an additional 24.4%.
Crude oil and refined petroleum product inventories held by refineries and major distributors closed February 2013 at 12.4 million cubic metres.
Petroleum product inventories totaled 9.4 million cubic metres.
Many major product categories posted an increase in inventories. Both Motor Gasoline and Diesel posted a draw on inventories compared to the close of February 2012.
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