Refinery receipts edge up
Canadian refineries received 8.6 million cubic metres of crude oil in March, edging up 0.1% from the same month in 2016.
Domestic crude oil receipts increased 3.0% from March 2016 to 5.6 million cubic metres.
Crude oil imports decreased 4.8% from March 2016 to 3.1 million cubic metres. Imports represented 35.5% of total crude oil received at refineries in Canada.
Crude oil inventories held at refineries totalled 4.1 million cubic metres in March, up 1.3% compared with the same month in 2016.
Crude oil used in refinery production increases
Total crude oil and equivalent products used in refinery production increased 5.2% from March 2016 to 8.7 million cubic metres. The increase was attributable to the greater use of conventional light crude oil (+11.4%) and synthetic crude oil (+2.1%) at refineries.
Refinery production and sales rise
Refinery production increased 5.1% from March 2016 to 10.1 million cubic metres in March.
Domestic sales of refined petroleum products rose 6.6% to 9.0 million cubic metres. Sales of diesel fuel oil (+20.2%) and motor gasoline (+1.8%) were both up compared with March 2016.
Imports up while exports decline
Canada imported 0.8 million cubic metres of refined petroleum products in March, up 3.7% from the same month in 2016.
Meanwhile, exports of refined petroleum products decreased 3.9% to 2.2 million cubic metres
Closing inventories of refined petroleum products held at refineries decreased 4.5% year over year to 7.7 million cubic metres in March
First quarter review for 2017
Canadian refineries received 25.2 million cubic metres of crude oil in the first quarter, up 3.8% from the same quarter in 2016. Meanwhile, refinery production increased 3.5% to 28.8 million cubic metres.
Domestic sales of refined petroleum products increased 0.4% from the first quarter of 2016 to 25.1 million cubic metres in the first quarter.
Both imports (-13.1%) and exports (-1.7%) of refined petroleum products were down compared with the first quarter of 2016.
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