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Pipeline operator TC Energy beats profit on strong energy demand

Reuters · Arunima Kumar · last updated

July 28 (Reuters) — Canadian Pipeline operator TC Energy (TRP.TO) beat quarterly profit estimates on Thursday, as clients vying for energy boosted demand for its transport services.

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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Related Knowledge Center: Keystone XL Pipeline

State of Play

The Keystone XL Pipeline plan, ultimately rejected by the Obama administration, got new life when Donald Trump took office, only to be rejected again by President Biden. 

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