Canada and Alberta reached a carbon pricing deal that opens the way for construction of a new oil pipeline starting as early as 2027, while scaling back an expensive project to capture greenhouse gas emissions.
China called for a rapid reopening of the Strait of Hormuz, a goal it shares with the US, though there was no sign of a breakthrough between the superpowers on how to achieve that after President Donald Trump’s trip to Beijing.
As the leaders of the world’s two largest economies meet in Beijing, energy markets will be watching closely for any breakthrough in a dispute that has reshaped global fuel flows: China’s tariffs on US oil and gas.
©2026 Energy Connects. All Rights Reserved
Back To Top