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💰 Business 🔥 everyone's chattering 2d ago · 3 sources

Enbridge Postpones Mainline Pipeline Phase Two Expansion

🐿️ The Squirrel's Take

This postponement signals that Enbridge sees more immediate profit in US shale plays than in boosting Canadian oil export capacity.

💡 Why it matters

The delay could constrain Canadian oil producers' ability to increase exports to global markets, potentially widening the price discount for Canadian heavy crude.

Enbridge has postponed the second phase of its Mainline oil pipeline expansion in Canada, citing a strategic shift to focus on growth opportunities in the United States. The decision delays additional capacity for Canada's largest oil pipeline system.

#enbridge #mainline pipeline #oil pipeline expansion #canada oil exports #us growth focus

📡 Where we spotted it (3)

edmontonjournal.com

Enbridge delays second stage of expansion for Canada's largest oil pipeline

Enbridge Delays Canada Pipeline Expansion to Focus on US Growth

Canada’s Enbridge postpones plans for second phase of Mainline oil pipeline expansion

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