The move adds to a growing list of regulatory moves that limit new wind development in the US — and even hamper late-stage projects.

China’s macroeconomic outlook is growing gloomier at a time of major internal structural change, with key energy market implications. Trade tensions, its flagging property sector and slowing infrastructure investment are undermining China’s traditional economic foundations, while its low carbon technology prowess cannot cover these losses. These dynamics are weighing heavily on oil demand, as reduced freight demand, rising EV adoption and the slowing economy take their toll, with petrochemical feedstock usage unable to pick up the slack. Accordingly, we see Chinese oil demand growth barely topping 100,000 b/d this year and next. While natural gas demand prospects are brighter, they are not immune from these trends.

The restored Kilis–Aleppo pipeline has a daily capacity of up to 6 MMcm of gas and will provide for power plants in Syria.

A US-brokered peace deal may reshape the South Caucasus and expand Washington’s influence, although Moscow and Tehran pose major hurdles.