North American Oil Data Deck (January 2026)
Continental liquids production growth decelerates on slowing US shale patch and late-season Canadian oil sands maintenance.
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North American petroleum liquids output pulled back from all-time highs in September, slipping -73 kbpd m/m to 31,087 kbpd in October; output declined across all three countries on the month, with y/y growth decelerating in the US—as the shale patch continued to ease back—and Canada—thanks to later-seasonal maintenance—while the speed of Mexican upstream contraction also slowed.
Continental petroleum product consumption rose 368 kbpd m/m to 25,510 kbpd in October, down -97 kbpd on the year thanks to a notable decline in US consumption of certain industrial fuels that was partially offset by stronger demand growth in Canada and Mexico.
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