Biden has banned new offshore oil drilling along the Atlantic and Pacific coasts of the USA, and it will be difficult for Trump to reverse this decision.

① Biden has permanently prohibited oil companies from obtaining new Oil & Gas drilling leases in approximately 0.625 billion acres of offshore waters; ② The US Energy industry has expressed dissatisfaction and called on Trump to use all tools to overturn this policy; ③ Due to legal restrictions, Trump finds it difficult to simply reverse Biden's decision, while some Republican politicians in coastal states also support this policy.

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Trade routes are being reshuffled, Global Crude Oil Product exports are declining! Who is the winner?

The global oil trade map is being redrawn, uncertainty and volatility have become the new normal, and 2019 was the last "normal" year...

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