21 April | Gas | Oil

US Interior Department to begin taking public input for new offshore gas field development

US Interior Department to begin taking public input for new offshore gas field development

Donald Trump plans to increase US energy production. He believes that past administrations had unnecessarily limited drilling in order to combat climate change. The new president has another opinion on the matter and intends to unlock the full potential of American offshore production, Reuters reports.

The US Interior Department is drafting a new five-year leasing program, taking public input for offshore oil and gas development projects, but has not yet disclosed specific locations or timelines for these projects. However, the upcoming auction could include sites in the Arctic and expansive areas along the Atlantic and Pacific coasts, according to Reuters.

As the agency recalls, under the administration of former US President Joe Biden, mining in these regions was prohibited. Trump canceled the order shortly after taking office, arguing that it was necessary to utilize as much of the country's resources as possible.

Elena Berseneva MarketCheese
Period: 23.09.2025 Expectation: 5070 pips
Selling Tesla shares amid fundamental headwinds
Today at 07:44 AM 17
Period: 30.11.2025 Expectation: 370 pips
Buying GBPUSD with 1.39880 in view
Today at 07:27 AM 8
Period: 30.11.2025 Expectation: 3700 pips
Buying Bitcoin on positive market sentiment
Today at 05:27 AM 39
Gold sell
Period: 22.09.2025 Expectation: 14000 pips
Gold is looming correction after powerful rally
Yesterday at 09:43 AM 238
Period: 26.09.2025 Expectation: 2000 pips
Buying silver while it’s correcting before another rally to $43.5
Yesterday at 08:37 AM 166
Period: 22.09.2025 Expectation: 1200 pips
SPX keeps rising ahead of Fed rate decision
Yesterday at 07:20 AM 225
Go to forecasts