Trans Mountain pipeline lowers oil flow forecasts due to slow usage post-expansion

From Yahoo Finance: 2025-04-02 12:58:00

Canada’s Trans Mountain oil pipeline has revised down its forecasts for oil flow over the next three years due to slow usage post-expansion. Analysts note high shipping costs are deterring oil companies from utilizing the pipeline’s full capacity. This raises concerns about revenue generation and potential private sector buyers. The pipeline’s struggle to diversify oil exports away from the U.S. highlights its importance for reaching non-U.S. markets. Trans Mountain’s revenue projections for the next three years have been lowered due to decreased capacity utilization forecasts. Tariffs on Canadian oil imports could quickly change usage levels.



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