North American Oil Data Deck (October ‘23)
Continental production hits another fresh record in July as Canadian output completes the bulk of its recovery from wildfire shutdowns and steep seasonal maintenance.
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North American total liquids production once again set a record high of 28.65 MMbpd in July as Canadian output hit its second-highest level on record after finally recovering from wildfire shutdowns and spring maintenance; continental output was up 1.7 MMbpd y/y and maintained roughly equivalent monthly gains year-to-date.
North American refined product output fell 120 kbpd m/m while year-over-year growth has averaged 131 kbpd year-to-date; gasoline output is up 155 kbpd YTD while diesel output is down 110 kbpd.
Continental demand fell back seasonally from June highs but remained 337 kbpd higher y/y with year-to-date growth averaging 145 kbpd.
(Full PDF report and country-level highlights included below paywall)