The mid-summer flow of crude oil through Canada’s transportation systems gave a clear indication that the oilpatch is far from dead.
According to information compiled by Statistics Canada, Canadian pipelines net receipts of crude oil and condensates, and other liquefied petroleum products totaled 35.1 million cubic metres in July, which was an increase of 3.8 per cent compared with July of 2014.
Receipts from fields increased 8.1 per cent to 9.2 million cubic metres in July and imports were up 38.6 to 1.4 million cubic metres, while receipts from refineries and bulk plants rose 7.7 per cent to 5.1 million cubic metres.
Receipts from processing plants were relatively unchanged from the same month a year earlier, rising by just 0.2 per cent to 18.2 million cubic metres.
Receipts from other sources declined 15.2 per cent to 1.1 million cubic metres.
Canadian pipelines net deliveries of crude oil and condensates and liquefied petroleum products were pretty well unchanged in July of this year compared with July of last year at 33.7 million cubic metres.
Deliveries to plants declined by 5.7 per cent to 12.6 million cubic metres, as did deliveries to other destinations, down 23.2 per cent to 2.1 million cubic metres and deliveries to refineries were also down 2.8 per cent to 5.2 million cubic metres.
The decreases were offset by exports which rose 12.4 per cent to 13.8 million cubic metres.
Crude oil, condensates and liquefied products remaining in pipelines at the end of July edged up slightly by 0.2 per cent to 12.4 million cubic metres and inventories held in tanks and terminals rose 20.5 per cent to 7.1 million cubic metres reaching their highest level in four years.
