Alberta seeks new oil pipelines to U.S. despite expanded export options

Alberta is pursuing new oil pipeline projects to the United States, despite earlier expectations that the expanded Trans Mountain pipeline would shift Canadian crude exports overseas. The province's government is in talks with energy companies to increase oil flow southward. Canadian crude oil exports to the U.S. reached a record 4.3 million barrels daily in July, with most heavy crude going to U.S. refiners. Alberta's government aims to strengthen this supply relationship, especially as U.S. refiners face challenges with their own light crude production. Concerns about potential tariffs from the incoming U.S. administration are present, but analysts believe Canadian oil remains essential for U.S. refiners. The future of the Keystone XL pipeline, previously halted, may also be reconsidered under the new administration.