Waterborne crude oil exports from the Trans Mountain Pipeline (TMP) averaged 378 Mb/d in June 2025 (rightmost stacked columns in chart below), a decline of 48 Mb/d versus May, an increase of 71 Mb/d from a year ago, and down 120 Mb/d from the peak of 498 Mb/d in March 2025 based on shipping data compiled by Bloomberg. June’s exports were the third consecutive month of decline from the March peak. Reasons for the decline are likely severalfold, including oil sands turnarounds during May and June, reducing supplies available for export, refinery maintenance in destination countries, and the greater availability of crude supplies to Asian customers from OPEC+ nations in recent months.
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- Analyst Insight
Waterborne Crude Oil Exports from Trans Mountain Experience Fourth Consecutive Month of Decline
Waterborne crude oil exports from the Trans Mountain Pipeline decreased for a fourth consecutive month in July.
- 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
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.
