TCI Energy Brief: Early TMX Pipeline Expansion Data Reveals China’s Emerging Role as a Significant Buyer of Canadian Crude, Offering Some Diversification From the U.S. Market
Completion of the Trans Mountain Pipeline Expansion (TMX) project in May 2024 marked a transformative moment for Canada’s crude oil industry, increasing the amount of oil that can make it to tidewater, and unlocking significant new export opportunities. Contrary to many analysts’ expectations, early data indicates that a large amount of this new export capacity is finding its way not...