Asian buyers, led by China, are turning to Canadian crude as the Iran war disrupts Gulf supply through the Strait of Hormuz, with China alone now taking more than 200,000 barrels a day. Trans Mountain's pipeline has reached full capacity for the first time since its expansion completed, meaning Canada cannot fully absorb the diversification demand the war is creating, a bottleneck that a planned 2029 expansion is the earliest scheduled relief for.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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