North American Oil Data Deck (February 2026)

Summary

The February 2026 North American Oil Data Deck reveals that petroleum liquids output hit a record 31.4 million barrels per day, driven by a surge in Canadian production that more than compensated for flat U.S. and Mexican output. Meanwhile, continental product consumption fell by 344,000 barrels per day in November, though it remains up year‑over‑year thanks to demand gains in Canada and Mexico offsetting a weak U.S. market. The deck provides granular upstream and downstream data across the three countries, highlighting the shifting balance between production growth and consumption trends. The author positions this analysis as essential context for market participants tracking oil supply‑demand dynamics.