Canada’s oil producers have benefited from almost two years of ample pipeline capacity, particularly since the Trans Mountain expansion began operating in May 2024. The line, which runs from Alberta to the Vancouver area, allowed oil-sands producers to export significant volumes to China for the first time and reduced the reliance on U.S. refiners. Since then, Canadian heavy crude has traded at an average discount of about US$12 a barrel to the U.S. benchmark, compared with almost US$17 a barrel in the year before the expansion.
Canada's pipeline problem returns as oilsands output surges
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