Canada’s Trans Mountain Oil Pipeline Has a New Major Buyer—China

Canada’s Trans Mountain Oil Pipeline Has a New Major Buyer—China

China has overtaken the United States as the top oil purchaser from the Trans Mountain pipeline, displacing it in its quest to diversify supplies amid the trade war and U.S. sanctions on oil from Russia and Venezuela. The Trans Mountain pipeline carries oil to the Pacific Coast, where it can be loaded onto tankers for export, opening up markets for Canadian oil along the U.S. West Coast and in Asia. The pipeline expansion was completed after Pre…