In the wake of another oil spill incident on the Keystone pipeline, South Bow has announced plans to resume operations by Tuesday, April 15. This announcement came on Saturday after the company suspended the operation of this crucial pipeline transporting Canadian oil to the United States. Despite optimistic forecasts, the unfolding events necessitate a closer examination of the current situation.
President Donald Trump's decision to impose tariffs on oil imports from Canada and Mexico has sparked discussion among analysts and fuel market participants. This initiative, part of Trump's trade strategy, introduces new challenges to the U.S. economy and affects domestic gasoline prices.