Supply and disposition of refined petroleum products, October 2017
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Released: 2018-01-15
Refinery receipts of crude oil, production of refined petroleum products and domestic sales of refined petroleum products were up in October compared with the same month in 2016.
Refinery receipts up
Canadian refineries received 8.2 million cubic metres of crude oil in October, up 14.4% from the same month a year earlier. Regular maintenance work, which affected refinery output in the fall of 2016, was a contributing factor to the sizable increase in receipts in October 2017.
Chart 1
Refinery receipts of crude oil and equivalent products
Imports to Canadian refineries, which tend to be volatile, were up 24.9% from October 2016 to 2.7 million cubic metres. Domestic receipts were up 10.0% to 5.5 million cubic metres over the same period.
Crude oil inventories held at refineries totalled 3.6 million cubic metres in October, down 10.5% from the same month in 2016.
Refinery production and sales rise
Refinery production increased 20.7% from October 2016 to 9.6 million cubic metres.
Domestic sales of refined petroleum products rose 8.9% to 9.6 million cubic metres. The main contributors to the increase in domestic sales were diesel fuel oil (+21.7%) and motor gasoline (+2.5%).
Chart 2
Domestic sales of refined petroleum products, by product
Imports down while exports up
Canadian imports of refined petroleum products totalled 1.8 million cubic metres in October, down 4.8%.
Meanwhile, Canadian exports increased significantly in October, offsetting a consistent drop due to pre-planned refinery maintenance over the last three years for the same reference month. In October 2017, exports were up 78.8% to 2.4 million cubic metres compared to the same month last year.
Chart 3
Exports of refined petroleum products
Inventories up
Closing inventories of refined petroleum products held by refineries increased 4.0% year over year, to 7.9 million cubic metres in October.
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
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