With startup a month ahead of schedule, the Trans Mountain Expansion started commercial operations May 1. The 590,000 b/d of added capacity creates significant breathing room for the in-demand and aging pipeline system. As Canadian crude oil flows shift toward top importers such as China and California, producers will have a chance to shed the deep discounts offered on Western Canadian Select. For the first time, Canadian crude will have meaningful access to international markets with potential for higher-priced barrels as a result.
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