Uncertainties on both the timing of oil demand recovery from the coronavirus pandemic and the future actions of the incoming Joe Biden administration over permitting on federal lands present a cloudy outlook for upcoming US Gulf of Mexico Lease Sale 256, analysts said Nov. 16. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The extraordinary events this year that resulted in tamped-down oil prices from ravaged demand owing to the pandemic may prompt many E&P operators to sit out the auction, sponsored by the US Bureau of Ocean Energy Management, although it may also be a buying opportunity to grab choice acreage before President-elect Biden can keep his campaign promise of banning new drilling on federal […]