Canadian oil producers riding a boom from the expanded Trans Mountain pipeline are now grappling with increasing price discounts for near-term supplies, a sign that a supply glut is taking hold.
Canada and Alberta are now aligned on expanding oil export capacity, backing a new pipeline to the West Coast to ship up to 1 million bpd to Asia and reduce reliance on the U.S.
Data obtained by the New Democratic Party show that the pipeline is still primarily servicing customers in Canada's neighbouring country, though exports to China and other smaller nations have risen ...
B.C. Premier David Eby wants Canada to prioritize building refineries, arguing it would keep more value at home, reduce reliance on U.S. buyers, and cut exposure to global supply disruptions. Canada ...
Canada’s oil sector is thriving as it pushes into Asian markets in a bid to reduce its dependence on the US, where a majority of its crude is sold, at a time when the industry is already pumping ...
Enbridge Inc., Calgary, has reached a final investment decision to develop the Mainline Optimization Phase 1 project (MLO1) to add transportation capacity to the Mainline pipeline network and Flanagan ...
OTTAWA—The Trump administration’s ambition of revitalizing Venezuela’s oil industry has renewed calls for Canada to quickly approve a pipeline that would boost the country’s crude exports and lessen ...
Canada’s crude oil plays a steady role in keeping gas prices balanced across the border. For U.S. Midwest refineries, ...
The Canadian oil industry’s two-year reprieve from pipeline bottlenecks may be nearing an end as global crude glut weighs on prices. Enbridge Inc. rationed the most space on its Mainline pipeline ...