The export surge was led by finished motor gasoline, which jumped 139% to 3.14 million barrels, alongside significant gains in jet fuel and distillates. While finished product exports reached record territory, crude oil production remained steady, marking its 11th consecutive month of year-over-year growth at 146.185 million barrels.
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Canadian Refined Petroleum Exports Hit Record Highs
Driven by intense global demand linked to ongoing conflict in Iran, Canadian exports of finished petroleum products surged to an unprecedented 14.754 million barrels in April. This figure represents a 13.8% increase from March and a dramatic 70% climb compared to the same period last year, according to Statistics Canada.
Direct shipments to the U.S. via pipeline rose 8.8% annually, while marine exports to Asian and European markets spiked by 46.6%. Despite the high export volumes, domestic production figures were mixed: gasoline and distillate production saw monthly declines of 8% and 11.4% respectively, even as jet fuel production climbed to 4.172 million barrels. Statistics Canada data confirms that inventory levels remain tight, with distillate stocks falling 4.8% during the month.
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