Re-exports of Canadian heavy crude oil are estimated to have been 113 Mb/d in July 2025 (rightmost stacked columns in chart below), a small gain of 1 Mb/d from June, 97 Mb/d less than a year ago and the fourth consecutive month north of 100 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 picking up Canadian barrels, partly motivated by logistical proximity. India (gray columns) lifted 65 Mb/d in July, down from 84 Mb/d in June and 48 Mb/d lower than a year ago. Spain (blue columns), a more intermittent customer, bought 49 Mb/d in July, up from 13 Mb/d in June and 15 Mb/d more than a year ago. These shipments have typically been purchased by Repsol for delivery to its refinery in Cartagena, Spain.
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- 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.
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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.
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Gulf Coast Re-Exports of Canadian Heavy Crude Oil Bounce Higher in April
Canadian crude re-exported from the Gulf continues to find buyers from India and Spain while China remains absent.
