Department of International Relations and opera : Statistics - Commodity Prices for December 2019 and Trade Volumes for October 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
2019			2018
December	November	2019 Avg.	December	November	2018 Avg.
Exchange Rate	Canadian $ / U.S. $	1.32	1.32	1.33	1.34	1.32	1.30
Crude Oil Prices (US$/bbl)	West Texas Intermediate	59.82	56.97	56.98	49.52	57.91	65.08
	Brent	67.11	63.21	64.35	57.36	66.10	71.24
	Western Canadian Select	38.36	37.13	42.45	5.97	11.03	38.46
Natural Gas Prices (CA$/GJ)	Henry Hub	2.73	3.25	3.21	3.62	5.13	3.71
	Alberta NIT	2.25	2.64	1.64	1.47	1.65	1.44
	Dawn, ON	2.78	3.27	3.06	3.46	5.34	3.71
	Station 2, Westcoast Spectra, BC	2.01	1.94	0.88	1.31	0.34	1.22
Propane Prices (US cents per gallon)	Edmonton	48.9	44.6	38.6	40.3	40.5	49.0
	Sarnia	108.8	88.9	72.0	79.7	86.9	91.4
	Mont Belvieu	49.8	54.0	53.5	67.0	75.2	86.7
	Conway	47.4	57.4	47.9	62.4	66.3	71.2
Electricity Prices (CA$/MW.h)	Alberta (AESO On-Peak)	48.39	64.36	64.60	46.10	65.87	59.06
	Ontario (IESO On-Peak)	25.55	26.48	21.61	34.85	34.07	28.41
	Ontario (IESO On-Peak + Global Adjustment)	118.76	126.01	130.84	105.52	132.62	119.93

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 CER 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
2019			2018
October	September	Avg.	October	September	Avg.
Crude Oil Volumes (Mb/d)	Exports	3,793	3,678	3,749	3,473	3,472	3,557
Refined Petroleum Products Volumes (Mb/d)	Exports	Confidential	297	280	238	301	267
Natural Gas Volumes (Bcf/d)	Exports	6.96	7.04	7.36	7.02	7.24	7.76
	Imports	2.33	2.21	2.27	2.02	2.23	2.20
	Net Exports	4.63	4.83	5.09	5.00	5.01	5.56
Propane Volumes (Mb/d)	Exports	195	166	185	151	123	153
Butanes Volumes (Mb/d)	Exports	60	57	59	59	44	48
Electricity (GW.h/month)	Exports	3,806	5,978	4,965	4,199	4,639	5,121
	Imports	878	1,256	1,197	902	879	1,100
	Net Exports	2,928	4,721	3,768	3,297	3,761	4,022

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.