Commodity Context

Commodity Context

Share this post

Commodity Context
Commodity Context
North American Oil Data Deck (December ‘22)
Copy link
Facebook
Email
Notes
More

North American Oil Data Deck (December ‘22)

Continental liquids output rose to a fresh all-time high in Sept on the back of strong US crude oil output; refinery activity eased but the pullback was seasonally mild given tight middle distillates.

Rory Johnston's avatar
Rory Johnston
Dec 06, 2022
∙ Paid
12

Share this post

Commodity Context
Commodity Context
North American Oil Data Deck (December ‘22)
Copy link
Facebook
Email
Notes
More
Share

This 30-page December 2022 edition of my monthly data-dense and visualization-heavy North American Oil Data Deck (attached PDF below paywall) is exclusive to paid Commodity Context subscribers.

The deck contains detailed, decomposed accounting for US, Canadian, and Mexican upstream oil activity (i.e., the production side) as well as 6 new pages on national oil refinery production trends and product yield based on my last post, Oil Refining in North America.

Become a paid subscriber today to view the full North American oil report and join me in my hunt for ever-deeper oil & gas market context.

If you’re already subscribed and/or appreciate the free chart and summary, hitting the LIKE button is one of the best ways to support my ongoing research.


  • North American total liquids production rose to a fresh all-time high of approximately 27.1 MMbpd in September (+211 kbpd m/m, +1,511 kbpd YTD y/y), primarily due to rising US crude oil output.

  • Crude and equivalent production rose by 271 kbpd m/m, which more than compensated for falling biofuels supplies (-63 m/m) and flat NGL output (+3 m/m).

  • Refinery activity experienced seasonal declines across North America, though the pullback was comparatively light vs pre-COVID seasonal norms as refiners pressed to maximize facility utilization and capture wide margins, especially for middle distillates as discussed in Refiners’ Unbalanced Barrel.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Commodity Context Corp.
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More