Trudeau’s Mega Pipeline Promises to Redraw Global Oil Flows

Canada, home to the world’s third-largest crude deposits, is poised to reshuffle global oil flows next year.

The nearly completed expansion of the Trans Mountain pipeline promises to vault Canada into a new role in global markets by transporting an additional 600,000 barrels a day — on par with the daily output of Azerbaijan — from the country’s vast oil sands to a port on the Pacific Coast.

For Canada’s producers, the government-owned project offers a chance to break their almost total dependence on exports to the US and win higher prices for their crude. For global markets, the ...