Waterborne crude oil exports from the Trans Mountain Pipeline (TMP) averaged 375 Mb/d in July 2025 (rightmost stacked columns in chart below), a decline of 17 Mb/d versus June, an increase of 9 Mb/d from a year ago, and down 124 Mb/d from the peak of 498 Mb/d in March 2025 based on tanker tracking data compiled by Bloomberg. July’s exports were the fourth consecutive month of decline from the March peak. Reasons for the decline are likely severalfold, including refinery maintenance in destination countries, turnarounds in the oil sands during May and June, the greater availability of crude supplies to Asian customers from OPEC+ nations in recent months, and price driven opportunistic changes by importing countries to other source nations.
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- Analyst Insight
Waterborne Crude Oil Exports from Trans Mountain Pick Up Slightly in August
Waterborne crude oil exports off the Trans Mountain Pipeline picked up in August for the first time in four months.
- Analyst Insight
Waterborne Crude Oil Exports from the Trans Mountain Pipeline Decline for Third Consecutive Month
Exports of crude oil by tanker from the Trans Mountain Pipeline fell off for a third consecutive month in June likely reflecting various domestic and international market factors.
- 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.
