Skip to content

Refined oil supplies decline

Canadian refineries received 7.2 million cubic metres of crude oil in October 2016 which was a decrease of 2.6 per cent from the same month in 2015.

Canadian refineries received 7.2 million cubic metres of crude oil in October 2016 which was a decrease of 2.6 per cent from the same month in 2015. 

In October, refinery receipts of domestic crude oil decreased by two per cent compared with October 2015 to 5.1 million cubic metres. 

Crude oil imports also decreased 3.9 per cent from October 2015 to 2.1 million cubic metres. Imports accounted for just under 30 per cent of total crude oil received at Canadian refineries. 

Crude oil inventories held at refineries totalled four million cubic metres in October of 2016, up 14.7 per cent from the same month the previous year. 

In October, total crude oil and equivalent products used in refinery production decreased 9.5 per cent from the same month a year earlier to sit at 6.8 million cubic metres. 

Year over year, this was the 10th consecutive month where the refinery use of conventional crude oil decreased and non-conventional crude increased. 

Conventional light crude oil used in refineries was down 32.3 per cent while conventional heavy crude oil was up 38.7 per cent compared with October of the previous year. Both types of non-conventional crude oil increased in October. Synthetic crude in refineries was up by 28.2 per cent and crude bitumen increased 6.9 per cent. 

Year over year, refinery production decreased 5.6 per cent to 7.9 million cubic metres in October of 2016. 

Diesel fuel sales fell 3.5 per cent. Domestic sales of motor gasoline increased by 1.8 per cent compared with the same month the previous year.