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.

Calgary-based South Bow, specializing in oil transportation through its pipeline systems, is making moves to reorganize its assets. Aiming to increase volumes of oil sold under long-term contracts while reducing market trading activities, the company has streamlined its oil trading team. This decision aligns with its parent company, TC Energy's strategy to reduce overall debt.