Information from the Canadian National Energy Board shows Canadian crude oil exports increased 16 MBOPD

Canadian crude oil exports are up 16 MBOPD in the first seven months of the year compared to the same time period in 2015, according to information released by Canada’s National Energy Board. Total export volumes reached 3,018 MBOPD in the through July of 2016, the agency said in its report.

The increase came from heavy crude, which was up 127 MBOPD in 2016 to 2,238 MBOPD compared to 2,111 last year. Exports of light crude oil fell 111 MBOPD over the same time period to 780 MBOPD compared to 891 MBOPD in 2015.

Despite the higher export volumes through the year so far, the number of barrels Canada is exports has declined since the start of the year. In January 2016, Canada exported 3,320 MBOPD, compared to just 2,791 in July, the most recent month in the National Energy Board’s data. July exports were up slightly from June, however, when 2,784 MBOPD of crude oil were shipped out of the country.

Canadian crude oil exports hit their highest annual level last year when the country exported an average of 3,046 MBOPD despite the crash in oil prices.

Legal Notice