Reported about 4 hours ago
Enbridge Inc. is preparing to enhance its oil pipeline capacity in the U.S. to capitalize on a potential drilling boom under the Trump administration. The CEO, Greg Ebel, mentioned the possibility of transporting several hundred thousand additional barrels of oil daily within the next few years by optimizing their existing pipeline system, particularly from regions like the Rockies and Bakken to Midwest and Gulf Coast refineries. Enbridge aims to also address increasing Canadian crude transport needs, despite uncertainties surrounding potential tariffs on Canadian oil amidst the changing political landscape.
Source: YAHOO