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Trump: I will revoke offshore oil, gas drilling ban in vast areas on day one

INVESTING
January 7, 2025
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(Reuters) – U.S. President-elect Donald Trump said he will revoke an offshore oil and gas drilling ban announced by outgoing Democratic President Joe Biden, in a press conference on Tuesday.

“Banning offshore drilling will not stand. I will reverse it immediately,” Trump said. He added: “I will revoke offshore oil, gas drilling ban in vast areas on day one.”

Republican Trump takes office on Jan. 20.

This post is originally published on INVESTING.

INVESTING
January 27, 2025
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Oil falls after Trump reverses Colombia sanctions threat

By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

INVESTING
January 27, 2025
67 views

Dollar gains on tariffs fears; euro looks to ECB meeting

Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…