Canada Rethinks Selling Its Crown Jewel Pipeline | EN590 Commodities
EN590 Commodities GroupCrude Oil · May 15, 2026
China's Gasoline Consumption Could Plunge 5.5% in 2026 as Oil Prices Surge The Canadian federal government may reconsider a plan to privatize the Trans Mountain oil pipeline and keep it state-owned amid a surge in appetite for Canadian crude to replace lost Middle Eastern barrels. “The prior narrative had been that this should be returning to private hands,” the head of the government entity that owns Trans Mountain said at an event this week, as quoted by the Financial Post. “That was in a different market and that was in a different time,” Elizabeth Wademan also said. Indeed, this is a very different market from what it was when the government in Ottawa had to step in and buy Trans Mountain from Kinder Morgan, which quit the project under relentless pressure from climate activists who us
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