Re-exports of Canadian heavy crude oil are estimated to have been 35 Mb/d in May 2025 (rightmost stacked columns in chart below), a drop of 121 Mb/d from April, 64 Mb/d less than a year ago, and an eight-month low based on tanker data compiled by Bloomberg and historical export data released by the U.S. Census Bureau. Only a single nation, Singapore, was identified as a destination for Canadian barrels in May (green column labelled as Other) and its first Canadian cargo from the Gulf Coast since November 2021 (27 Mb/d of light crude). Two frequent buyers, Spain and India, were absent in May, while China maintained a now 10-month silence of no re-exports with its Canadian crude purchases for export confined to the west coast of Canada at the terminus of the Trans Mountain Pipeline.
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- Analyst Insight
August Acceleration - Gulf Coast Re-Exports of Canadian Heavy Crude Oil Hit 13-Month High
Canadian re-exports of heavy oil from the Gulf Coast picked up considerably in August.
- 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.
