North American Oil Data Deck (September 2025)
Continental production bounced back in June on fresh record-high US crude output and a rebound in Canada’s oil sands while demand also saw exceptional strength on two-decade high US June demand.
This 44-page September 2025 edition of my monthly data-dense, visualization-heavy North American Oil Data Deck is exclusive to paid Commodity Context subscribers (attached PDF below paywall). The deck contains detailed and decomposed accounting for US, Canadian, and Mexican upstream (i.e., production) and downstream (i.e., refining) oil activity as well as end-user demand.
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North American petroleum liquids production rose by +597 kbpd m/m to 30,223 kbpd in June (+686 kbpd y/y) given a fresh surge of US production, which pushed US crude output to fresh all-time highs, as well as a rebound in Canadian oil sands supply. However, an accelerating contraction in Mexican production robbed North America of a fresh continental output high-water mark.
Continental petroleum product demand also rose aggressively into summer driving season, with US demand reaching the highest level for June in two decades; Mexican demand looked exceptionally strong but was likely driven by bottled up product supplies trapped on site of the new Dos Bocas refinery and Canadian demand rose seasonally but down slightly y/y.
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