Commodity Prices and Trade Updates

Connect

Contact Us

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


Prices and Trade

Disclaimer

We are redesigning this page and the content is no longer being updated.

Is the content on this page useful to you? Please let us know! Your feedback will help us continually improve our products.

Email us at: energy-energie@cer-rec.gc.ca

Monthly Data Tables – October 2020

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
  2020 2019
November October 2020 Avg. November October 2019 Avg.
Exchange Rate Canadian $ / U.S. $ 1.31 1.32 1.34 1.32 1.32 1.33
Crude Oil Prices
(US$/bbl)
West Texas Intermediate 40.94 39.40 39.24 56.97 53.96 56.98
Brent 42.69 40.19 41.80 63.21 59.71 64.35
Western Canadian Select 29.46 29.89 27.85 37.13 38.05 42.45
Natural Gas Prices
(CA$/GJ)
Henry Hub 3.16 2.92 2.52 3.25 2.82 3.21
Alberta NIT 2.70 2.36 2.11 2.64 2.14 1.64
Dawn 2.89 2.57 2.36 3.27 2.46 3.06
Station 2 2.44 2.19 2.06 1.94 0.41 0.88
Propane Prices
(US cents per gallon)
Edmonton 47.0 47.0 45.3 44.6 37.9 38.6
Sarnia 70.2 64.9 63.3 88.9 64.7 72.0
Mont Belvieu 54.5 51.9 46.4 54.0 46.1 53.5
Conway 52.9 52.5 44.6 57.4 42.2 47.9
Electricity Prices
(CA$/MW.h)
Alberta (AESO On-Peak) 41.03 75.35 55.68 64.36 45.53 64.60
Ontario (IESO On-Peak) 14.43 13.97 16.29 26.48 10.91 21.61
Ontario (IESO On-Peak + Global Adjustment) 131.48 142.03 129.88 126.01 147.71 130.84
Sources and Notes

Sources: Exchange Rate: Bank of Canada; Crude Oil Prices: NE2 Group, EIA; Natural Gas Prices: Platts; 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 CER regulates the exports of crude oil, refined petroleum products, natural gas, NGLs and electricity. The CER 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
    2020 2019
    October September Avg. October September Avg.
Crude Oil
Volumes (Mb/d)
Exports 3,578 3,371 4,559 3,671 3,678 3,755
Refined Petroleum
Products
Volumes (Mb/d)
Exports Confidential 258 Confidential Confidential 297 254
 Natural Gas
Volumes (Bcf/d)
Exports 6.44 5.88 8.36 6.73 7.04 7.41
Imports 2.01 1.86 2.68 2.25 2.21 2.40
Net Exports 4.43 4.02 5.68 4.48 4.83 5.00
Propane
Volumes (Mb/d)
Exports 162 178 188 189 166 187
Butanes
Volumes (Mb/d)
Exports 39 37 40 58 57 57
Electricity
(GW.h)
Exports 5,156 4,938 5,665 3,806 5,978 5,031
Imports 626 553 834 878 1,256 1,114
Net Exports 4,530 4,385 4,832 2,928 4,721 3,917
Sources and notes

Sources:Canada Energy Regulator, 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 CER Energy Conversion Tables for unit conversions.

Date modified: