Re-exports of Canadian heavy crude oil are estimated to have been 115 Mb/d in January 2025 (rightmost columns in chart below), down a modest 12 Mb/d from December and less than half the rate of one year ago at 235 Mb/d. With an average in the past three months at 100 Mb/d based on a combination of data from the U.S. Census Bureau and Bloomberg, this represents a relatively stable rate of re-exports after a collapse to a four-year low of zero in October. Three countries were recorded in Bloomberg’s January data as being recipients of Canadian barrels led by India (65 Mb/d, grey columns), followed by Panama (27 Mb/d) and Peru (12 Mb/d), with both captured in the other category (green columns). Notable by its absence are re-exports of crude to China (red columns) for a sixth consecutive month.
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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 Rebound in February
Canada's heavy oil re-exports from the U.S. Gulf Coast rebounded strongly in February led by shipments to India.
- Analyst Insight
Back from the Brink - Gulf Coast Re-Exports of Canadian Heavy Crude Oil Return to Life in November
Canadian re-exports of heavy crude from the Gulf Coast picked up in November after a zero reading in October. China remains notably absent as a destination from the Gulf, but remains active off Canada's West Coast.
