Canadian Natural Resources Limited (CNQ)

Canada pipeline squeeze set to return despite Trans Mountain start-up

As Canada's oil industry celebrates the start of the Trans Mountain pipeline expansion (TMX), some company executives and analysts are already warning that long-term production growth plans will depend on new takeaway capacity becoming available. TMX, which started commercial operations last week after years of delays, will ship an extra 590,0000 barrels per day (bpd) of oil from Alberta to the Pacific Coast. The expansion provides Canada, the world's fourth-largest oil producer, with ample pipeline space for the first time in over a decade and has helped lift benchmark heavy oil prices.