Analysis – March 2013

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Domestic sales of refined petroleum products in March 2013 totalled 8.4 million cubic metres, 137 thousand cubic metres (-1.6%) lower than March the previous year.

January to March 2013 domestic sales of petroleum products were up 400 thousand cubic metres (+1.6%) compared to the same three month period in 2012.

Motor gasoline sales totalled 3.6 million cubic metres, 1.7 thousand cubic metres (-4.6 %) lower than March 2012. Diesel fuel oil sales totalled 2.3 million cubic metres; 48 thousand cubic metres (-2.1 %) below a year earlier.

Refinery production in March 2013 totalled 9.6 million cubic metres, 158 thousand cubic metres (+1.7 %) above March 2012.

Canadian refineries received 8.4 million cubic metres of crude oil, 310 thousand cubic metres (+3.8 %) above March 2012.

Refinery receipts of domestic crude oils totalled 5.2 million cubic metres, 282 thousand cubic metres (+5.8%) above than a year earlier.

Crude oil imports totalled 3.2 million cubic metres 27 thousand cubic metres (+0.9%) above March 2012. Imports represented 38.0% of total refinery requirements.

OPEC sources led by Algeria and Nigeria accounted for 46.5% of foreign supply. Supply from the North Sea, accounted for an additional 29.6%.

Crude oil and refined petroleum product inventories held by refineries and major distributors closed March 2013 at 11.7 million cubic metres.

Petroleum product inventories totaled 9.1 million cubic metres.

Many major product categories posted an increase in inventories. Motor Gasoline decreased 3.0% while Diesel increased 4.3% compared to the close of March 2012.