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For crude exporters, market diversification is ultimately a pipeline problem: a barrel can reach a new buyer only if the infrastructure to carry it exists.
Canada has unveiled plans for a new oil pipeline with a capacity of 1 million barrels per day, aimed at Asian markets.
The government frames the project as part of a broader push to reduce over-reliance on the United States, with trade hostilities as the political backdrop. Pipeline geography is the constraint.
Canada's export infrastructure has run predominantly through US-linked corridors, concentrating producer economics in a single bilateral trade relationship.
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