Canada's oil industry awaits expansion of Trans Mountain pipeline for export capacity relief, despite potential ongoing growth restrictions and depressed prices.

Canada's oil industry, plagued by a lack of export capacity, anticipates relief with the upcoming online launch of the Trans Mountain pipeline expansion this spring. However, experts warn that the industry may still face "Groundhog Day" scenarios of restricted growth and depressed prices, as past issues with pipeline capacity from Alberta's oilsands region to coastal tanker loading facilities persist.

March 11, 2024
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