Bloomberg TC Energy Corp’s Keystone XL oil-sands pipeline was a dealt a setback with a judge’s ruling that the US Army Corps of Engineers improperly approved a streamlined permit process without fully evaluating the impact on endangered species. In a legal challenge brought by environmental groups, a federal judge in Montana ordered the agency to conduct further review and barred …

Bloomberg Chinese refiners are snapping up low-price oil from all over the world as Asia’s largest economy emerges from a virus-driven slump. Varieties such as Alaska North Slope, Canada’s Cold Lake and Brazil’s Lula have been offered at steep discounts to global benchmark prices as sellers scrambled to secure buyers. Processors in China — where throughput is back to pre-virus …

Bloomberg Austria became the second European country to eliminate coal power from its electricity grid and said it’s looking towards renewable energy to fuel future economic growth. Verbund AG closed its Mellach coal-fired district heating plant about 200 kilometres (124 miles) south of Vienna, the state-controlled utility said. Austria’s Environment and Infrastructure Ministry said eliminating coal will strengthen the country’s …