Key facts
- North American petroleum liquids production advanced 239 kbpd m/m to 31,141 kbpd in March.
- US production drove the increase, while Canadian growth paused and Mexican output improved.
- Continental petroleum product demand fell 803 kbpd m/m to 25,019 kbpd in March.
- US NGL demand propelled the growth in continental demand.
- US refineries shifted yields from gasoline to jet fuel due to exploding margins.
The June 2026 edition of the North American Oil Data Deck reports that North American petroleum liquids production increased by 239 kbpd month-over-month to 31,141 kbpd in March. This growth was primarily driven by the United States, with Canadian production experiencing a temporary pause and Mexican output shifting from a drag to a modest boost for continental output.
Continental petroleum product demand saw a decrease of 803 kbpd month-over-month, reaching 25,019 kbpd in March. The United States accounted for the majority of this decline, largely due to significant increases in Natural Gas Liquids (NGL) demand.
In the refining sector, US refineries adjusted their output yields, moving away from gasoline production towards jet fuel. This shift was influenced by exploding refining margins and aimed to alleviate shortages of jet fuel, although it contributed to tighter gasoline markets.