Re-exports of Canadian heavy crude oil are estimated to have been 160 Mb/d in August 2025 (rightmost stacked columns in chart below), a gain of 46 Mb/d from July, 48 Mb/d more than a year ago and the highest volume since July 2024 (210 Mb/d) based on tanker tracking data compiled by Bloomberg and historical export data released by the U.S. Census Bureau. Since the departure last year of China (red columns) from the Gulf Coast in favor of Canada’s west coast as a buyer of Canadian crude, two nations have remained prominent in purchasing Canadian barrels, partly motivated by logistical proximity. India (gray columns) lifted 65 Mb/d in August, unchanged from July and 14 Mb/d lower than a year ago. Spain (blue columns) bought 84 Mb/d in August, a near double of July’s 45 Mb/d and 51 Mb/d more than a year ago. These shipments have typically been purchased by Repsol for delivery to its refinery in Cartagena, Spain. Countries that have been grouped under the “Other” category have recently included Peru, Panama, and Italy.
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- Analyst Insight
Gulf Coast Re-Exports of Canadian Heavy Crude Oil Hold Steady into July
Re-exports of Canadian heavy crude oil from the Gulf Coast held steady in July versus June.
- Analyst Insight
Gulf Coast Re-Exports of Canadian Heavy Crude Oil Holds Steady into Mid-Year
Canadian re-exports of heavy crude oil in June from the U.S. Gulf Coast remained near steady for a third consecutive month.
- Analyst Insight
Gulf Coast Re-Exports of Canadian Heavy Crude Oil Fall to Eight-Month Low in May
Re-exports of Canadian heavy crude oil from the U.S. Gulf Coast hit an eight month low in May of just 35 Mb/d and the lowest rate since zero re-exports in October 2024.
