North American Oil Data Deck (January ‘22)
October was another record month for continental liquids production with monthly output gains seen across crude oil, natural gas liquids, and biofuels.
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North American Summary
North American total liquids production rose to yet another fresh all-time high of approximately 27.45 MMbpd in October (+305 kbpd m/m, +1,502 kbpd YTD y/y) on the back of incremental monthly contributions from all major liquids streams.
Crude and equivalent production rose by 70 kbpd m/m, natural gas liquids nearly doubled those gains at 138 kbpd m/m, and US biofuels also managed to add another 97 kbpd on top of the hydrocarbon liquids contributions.
North American refining activity slowed in October as refined product output fell 575 kbpd m/m to 21,842 kbpd, with declines in the US and Canada only partially offset by a smaller increase in Mexican throughput.