Commodity Prices and Trade Updates

Connect

Contact Us

Please send comments, questions, or suggestions for Market Snapshot topics to snapshots@neb-one.gc.ca


Prices and Trade

Monthly Data Tables – May 2019

The prices for each commodity in Canada track U.S. benchmark prices, with differences primarily related to the cost of transportation and regional supply and demand dynamics. Crude oil and propane prices are generally quoted in U.S. dollars, whereas natural gas and electricity prices are often quoted in Canadian dollars due to their higher proportion of domestic retail sales. Changes in the exchange rate affect revenue received for exports (or the cost of imports). The table below shows Canadian and U.S. benchmark prices, with recent month-to-month and year-over-year comparisons.

Commodity Price Update
Commodity Price Update
  2019 2018
May April YTD avg. May April Avg.
Exchange Rate Canadian $ / U.S. $ 1.35 1.34 1.33 1.27 1.27 1.30
Crude Oil Prices
(US$/bbl)
West Texas Intermediate 60.72 63.86 57.06 66.25 66.25 65.08
Brent 71.17 71.23 65.85 72.11 72.11 71.24
Western Canadian Select 46.79 53.98 45.28 40.47 40.47 38.46
Natural Gas Prices
(CA$/GJ)
Henry Hub 3.30 3.29 3.43 3.32 3.32 3.71
Alberta NIT 1.72 0.92 1.78 1.42 1.42 1.44
Dawn, ON 3.06 3.13 3.35 3.50 3.50 3.71
Station 2, Westcoast Spectra, BC 0.52 0.67 0.95 1.23 1.23 1.22
Propane Prices
(US cents per gallon)
Edmonton 35.5 39.5 40.0 45.4 45.4 49.0
Sarnia 64.2 70.1 75.6 84.9 84.9 91.4
Mont Belvieu 56.2 63.7 63.6 83.2 83.2 86.7
Conway 50.7 56.6 56.2 69.9 69.9 71.2
Electricity Prices
(CA$/MW.h)
Alberta (AESO On-Peak) 44.12 44.12 71.97 46.00 46.00 59.06
Ontario (IESO On-Peak) 18.09 18.09 28.10 32.42 32.42 28.41
Ontario (IESO On-Peak + Global Adjustment) 140.21 141.42 125.08 132.01 132.01 119.93
Sources and Notes

Sources: Exchange Rate: Bank of Canada; Crude Oil Prices: Alberta Department of Energy, Daily Oil Bulletin, EIA. Natural Gas Prices: NGX, Platts Gas Daily; Propane Prices: Butane-Propane News; Electricity Prices: IESO, AESO.

Note: Visit the NEB Energy Conversion Tables for unit conversions. E = Estimate

Canada is a net exporter of crude oil, natural gas, propane and electricity. The NEB regulates the exports of crude oil, refined petroleum products, natural gas, NGLs and electricity. The NEB also regulates natural gas imports and collects statistics for electricity imports. The table below shows these commodity exports and imports, with recent month-to-month and year-over-year comparisons.

Trade Volumes Update
Trade Volumes Update
    2019 2018
    March February YTD avg. March February Avg.
Crude Oil
Volumes (Mb/d)
Exports 3,532 3,511 3,510 3,436 3,426 3,557
Refined Petroleum
Products
Volumes (Mb/d)
Exports 292 318 288 310 283 267
 Natural Gas
Volumes (Bcf/d)
Exports 7.89 8.04 8.34 8.51 8.52 7.76
Imports 2.78 2.98 2.82 2.11 2.63 2.20
Net Exports 5.11 5.06 5.52 6.40 5.89 5.56
Propane
Volumes (Mb/d)
Exports 214 213 224 168 165 153
Butanes
Volumes (Mb/d)
Exports 71 4 65 30 51 48
Electricity
(GW.h/month)
Exports 4,446 4,534 4,651 5,287 4,625 5,121
Imports 1,568 925 1,225 1,265 1,428 1,100
Net Exports 2,878 3,609 3,425 4,021 3,197 4,022
Sources and notes

Sources: National Energy Board, Commodity Tracking System data

Note: Refined petroleum products includes non-confidential categories only, such as motor gasoline, middle distillate, and heavy fuel oil. Recent and historical trade statistics are available from the Commodity Tracking System (crude oil, natural gas, and electricity) and the volume and price queries (natural gas liquids).

Visit the NEB Energy Conversion Tables for unit conversions.

Date modified: