Previous MondayTuesdayWednesdayThursdayFridayNext


____ Thursday September 10, 2015 ____

Share

____________________
Energy

Crude oil and natural gas: Supply and disposition, June 2015

Ottawa - Canada produced 18.0 million cubic metres of crude oil and equivalent products in June, up 2.6% compared with the same month in 2014.

Crude bitumen production increases

The gain in production of crude oil and equivalent products in June was led by crude bitumen, up 20.6% to 6.9 million cubic metres compared with the same month in 2014.

This increase was partially offset by declines in the production of light and medium crude oil (down 15.1% to 3.7 million cubic metres) and heavy grades of crude oil (down 8.4% to 2.0 million cubic metres). Production volumes of synthetic crude oil were relatively flat compared with June 2014, edging down 0.4% to 4.4 million cubic metres.

Exports edge down while imports increase

In June, total exports of crude oil and equivalent edged down 0.8% from the same month in 2014 to 13.6 million cubic metres. At the same time, imports of crude oil and equivalent increased 12.7% to 3.0 million cubic metres.

Quarterly changes in crude oil

For the quarter ending June 30, production of crude oil and equivalent products declined by 1.4% to 52.1 million cubic metres compared with the same quarter a year earlier.

At the same time, exports of crude oil and equivalent products increased 3.7% to 42.4 million cubic metres, while imports of crude oil and equivalent products rose 18.2% to 9.0 million cubic metres.

Marketable natural gas increases

Canadian natural gas utilities received 11.2 billion cubic metres of total marketable gas in June, up 4.3% from the same month in 2014. At the same time, exports of natural gas to the United States from Canada rose 3.0% to 6.0 billion cubic metres and imports of natural gas were sharply lower, down 21.1% to 1.2 billion cubic metres.

Quarterly changes in natural gas

For the quarter ending June 30, Canadian natural gas utilities received 34.8 billion cubic metres of total marketable gas, up 3.4% from the same quarter in 2014. During the same period, exports of natural gas to the United States from Canada increased 2.9% to 18.2 billion cubic metres and imports of natural gas fell 19.0% to 3.9 billion cubic metres.

The Exchange Morning Post is a free business news service. Consider making a voluntary payment, to help us make this business and market news service better. Thanks in advance, your contribution is appreciated.
Content published on this site represents the opinion of the individual/organization and/or source provider of the Content. ExchangeMagazine.com is non-partisan, online journal. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2015. Additional editorials, comments and releases are copyright of respective source(s) and/or institutions or organizations.


Exchange Magazine for Business
Subscription options:

Exchange Magazine Paper Version
Exchange Magazine - Digital version


_____________________


_____________________


_____________________


 

Subscription Options