Based on data from the U.S. Census Bureau, re-exports of Canadian heavy crude oil from the Gulf Coast in April 2024 averaged 196 Mb/d (height of the rightmost stacked columns in chart below), an increase of 42 Mb/d from March, but 98 Mb/d below the year ago level. China was again the largest buyer (rightmost red column) at 94 Mb/d, above the 79 Mb/d rate of March, but well below the single monthly record set a year ago at 243 Mb/d. Two other nations accounted for the remainder of the April re-exports with India (gray columns) taking 67 Mb/d, up 3 Mb/d from March and versus zero a year ago; Spain (blue columns) rounded out the rest at 35 Mb/d, up from zero in March, but down from 51 Mb/d a year ago.
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- Analyst Insight
Re-Exports of Canadian Heavy Crude Oil Fade Back in March
Canadian re-exports of heavy crude oil from the Gulf Coast slowed in March. Preview of what's to come when TMX starts up?
- Analyst Insight
Re-Exports of Canadian Heavy Crude Oil Hold Strong in February
Re-exports of Canadian heavy crude oil in February remained strong and gained over January's pace. The pending start up of the Trans Mountain Pipeline expansion may change this story in the months ahead.
- Analyst Insight
Going Out With the Tide? Gulf Coast Re-Exports of Canadian Heavy Crude Oil Fell to a 17 Month Low in May
Re-exports of Canadian heavy crude oil from the Gulf Coast in May fell to their lowest level since January 2023. With the Trans Mountain Pipeline expansion starting up in the same month, looks it may have started to take its first bite of Gulf re-export activity.
