Re-exports of Canadian heavy crude oil are estimated to have been 100 Mb/d in September 2025 (rightmost stacked columns in chart below), a reduction of 60 Mb/d from August, 17 Mb/d more than a year ago and a six-month low based on tanker tracking data compiled by Bloomberg. 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 33 Mb/d, nearly half the level of August (65 MB/d) and 16 Mb/d lower than a year ago. Spain (blue columns) bought 67 Mb/d in September, 16 Mb/d lower than August and nearly double the rate of one year ago (34 Mb/d).
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- Analyst Insight
October Upswing — Gulf Coast Re-Exports of Canadian Heavy Crude Oil Stage a Recovery
Re-exports of Canadian heavy oil from the Gulf Coast pushed higher in October led by more purchases by India and Spain.
- Analyst Insight
December Rebound — Gulf Coast Re-Exports of Canadian Heavy Crude Oil Spread Holiday Cheer
Re-exports of Canadian heavy crude oil from the U.S. Gulf Coast bounced higher in December with Spain and India remaining the primary buyers.
- Analyst Insight
November Retrench — Gulf Coast Re-Exports of Canadian Heavy Crude Oil Take a Swoon
Re-exports of Canadian heavy crude oil pulled back in November with India being the only identified purchaser in the month.
