At the start of this past summer, the supply of refined petroleum products in Canada had generally declined compared with the same time period in 2015.聽
Canadian refineries received 7.2 million cubic metres of crude oil in June of this year which was down 12.3 per cent from the same month a year earlier. That signaled the third straight month of year-over-year decline.聽
In June, refinery receipts of domestic crude oil fell 17.2 per cent compared with June of 2015 when the receipts were issued for 4.3 million cubic metres according to information released by Statistics Canada.聽
Crude oil imports also decreased, but, by a more modest volume, going down by 3.6 per cent to 2.9 million cubic metres. Imports represented 40.1 per cent of total crude oil received at refineries in Canada.聽
Crude oil inventories held at refineries totaled 3.8 million cubic metres in June of this year, which was up by 0.8 per cent compared with the same month in 2015.聽
Year-over-year refinery production decreased 2.9 per cent to 8.8 million cubic metres in June of this year, while domestic sales of refined petroleum products edged up 0.4 per cent to 8.9 million cubic metres.聽
Canada imported 1.6 million cubic metres of refined petroleum products in June, up 29.6 per cent from the same month in 2015. Exports of refined petroleum products, on the other hand, slid 10.6 per cent to 2.2 million cubic metres that same month.聽
