National Energy Board : Prices, Trade and Feature Articles - Update

Quarterly Price Updates

Feature Articles

Monthly Data Tables

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
2015			2014
Dec	Nov	YTD avg	Dec	Nov	YTD avg
Exchange Rate	Canadian $ / U.S. $	1.37	1.33	1.28	1.15	1.12	1.10
Crude Oil Prices (US$/bbl)	West Texas Int.	37.41	42.39	48.78	59.29	75.79	93.29
	Brent	38.54	44.27	52.40	62.34	79.44	99.02
	Western Canadian Select	24.04	27.78	35.40	43.24	62.87	73.60
Natural Gas Prices (CA$/GJ)	Henry Hub	2.51	2.63	3.15	3.72	4.43	4.57
	Alberta NIT	2.18	2.41	2.56	3.05	3.78	4.25
	Dawn, ON	2.66	2.91	3.55	4.10	5.14	6.25
	Station 2, Westcoast Spectra, BC	1.34	1.03	1.70	2.38	3.45	3.94
	Algonquin City-Gates	3.00	4.03	5.71	6.67	6.50	8.54
Propane Prices (US cents per gallon)	Edmonton	0.12	0.20	5.90	26.25	61.34	100.80
	Sarnia	50.11	56.75	56.70	81.43	98.31	134.80
	Mont Belvieu	37.78	42.50	45.50	54.71	78.48	103.40
	Conway	32.79	39.08	41.20	52.23	83.63	113.50
Electricity Prices (CA$/MW.h)	Alberta (AESO On-Peak)	22.83	23.77	40.82	31.01	45.27	61.68
	Ontario (IESO On-Peak)	14.16	13.96	27.76	31.94	22.56	41.73
	Ontario (IESO On-Peak + Global Adjustment)	102.26	127.16	106.39	106.34	104.86	98.20

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
2015			2014
Oct	Sept	YTD avg	Oct	Sept	YTD avg
Crude Oil Volumes (Mb/d)	Exports	2 917	3 258	3 041	2 826	2 942	2 854
Refined Petroleum Products Volumes (Mb/d)	Exports	233	290	280	179	276	320
Natural Gas Volumes (Bcf/d)	Exports	7.19	6.91	7.37	7.01	6.71	7.38
	Imports	1.83	1.93	1.85	1.24	1.73	2.07
	Net Exports	5.37	4.98	5.52	5.77	4.98	5.31
Propane Volumes (Mb/d)	Exports	113	97	106	92	69	90
Butanes Volumes (Mb/d)	Exports	30	40	25	24	25	21
Electricity (GW.h/month)	Exports	4 645	6 002	5 788	3 852	5 471	4 868
	Imports	663	676	732	731	730	1 067
	Net Exports	3 982	5 326	5 057	3 121	4 742	3 801

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Date modified:2016-01-10