21 JAN – Biden revokes KXL permit in blow to Canada’s oil sector, Ottawa disappointed

  Biden revokes KXL permit in blow to Canada’s oil sector, Ottawa disappointedCALGARY, Alberta- U.S. President Joe Biden on Wednesday formally revoked the permit needed to build the Keystone XL oil pipeline (KXL), dashing Ottawa’s hopes of salvaging the $8 billion project that the struggling Canadian crude sector has long supported. The move represents another…

21 JAN – Saudi Arabia beats Russia in tight race for China oil supply, U.S. imports soar

  BEIJING/SINGAPORE- Saudi Arabia, the world’s biggest oil exporter, beat Russia to keep its ranking as China’s top crude supplier in 2020, government data showed on Wednesday. China’s oil demand remained strong last year even as the COVID-19 pandemic hammered appetite for fuel elsewhere. The world’s top oil importer, brought in a record 542.4 million…

21 JAN – What Joe Biden as US President means for American oil industry

  The path will not be easy, with political divisions in the United States, opposition from fossil fuel companies, and wary international partners concerned.President Joe Biden on Wednesday announced America’s return to the international Paris Agreement to fight climate change, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in…

21 JAN – Biden plans temporary halt of oil activity in Arctic refuge

  President Joe Biden’s administration announced plans Wednesday for a temporary moratorium on oil and gas leasing in Alaska’s Arctic National Wildlife Refuge after the Trump administration issued leases in a part of the refuge considered sacred by the Indigenous Gwich’in.The plans, along with other executive actions, were announced by press secretary Jen Psaki. Issuing…