Keystone XL court ruling delays pipeline projects, could help balance oil market

摘要

Houston—A US appellate court ruling Thursday that may delay crude oil pipeline construction nationwide could also play a role in helping to balance global supply and demand in the next couple of years as the energy sector recovers from the coronavirus pandemic. The court ruling is specific not only to the controversial Keystone XL crude pipeline from Canada to the US, but it also extends to stalling the US Army Corps of Engineers’ expedited review system for new pipeline construction.