North American Oil Data Deck (February 2026)
Continental petroleum output hits fresh high-water mark with Canadian supply reaching all-time highs amidst a bounceback in oilsands activity, offsetting flat-ish production in the US and Mexico.
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North American petroleum liquids output rose 319 kbpd m/m to a fresh all-time high of 31,421 kbpd in November, driven by a jump to a new high-water mark for Canadian output that more than offset flat-ish output in both the US and Mexico.
Continental petroleum product consumption slipped -344 kbpd m/m to 25,008 kbpd in November, up 117 kbpd y/y as demand gains in Canada and Mexico offset a weak month for stateside consumption.
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