US crude oil imports from Canada surged to a record high last week, reaching 4.4 million barrels per day (bpd), a 807,000 bpd increase from the previous week. This boost follows the May start of the $24.84 billion Trans Mountain (TMX) pipeline expansion, which has nearly tripled its capacity to 890,000 bpd. While most of this Canadian oil is going to US West Coast refiners, some is also being exported to Asia. In contrast, US Gulf Coast imports fell by 140,000 bpd to 1.1 million bpd due to Hurricane Beryl, which led to port closures and draft restrictions. US exports also declined by 35,000 bpd to around 4 million bpd amid these disruptions.
