Canada’s Trans Mountain pipe expansion to disrupt oil flow to US, boost prices
By Nia Williams and Stephanie Kelly
CALGARY (Reuters) – Canada’s Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada’s Pacific Coast beginning early next year, will shake up North America’s supply by diverting barrels now mainly delivered to refiners and exporters in the U.S. Midwest and Gulf Coast.
Its startup could add as much as $2 per barrel to prices paid by U.S. Midwest oil refineries that sit along Canada’s existing main…