21 April 2025 | 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
Gold sell
Period: 16.03.2026 Expectation: 150 pips
Selling gold in short term with $5,000 target
Today at 06:40 AM 8
Period: 19.03.2026 Expectation: 17000 pips
ETHUSD selloff targets $2,150 as capital flight continues
Today at 06:25 AM 9
Gold buy
Period: 31.03.2026 Expectation: 6000 pips
Investing in gold if US CPI drops below expectations
Today at 05:15 AM 8
Period: 31.03.2026 Expectation: 800 pips
Buying USDJPY up to 158.80
Today at 05:15 AM 9
Period: 18.03.2026 Expectation: 1165 pips
NVIDIA holds support and retains upside potential toward $200
Yesterday at 05:10 PM 28
Period: 18.03.2026 Expectation: 1180 pips
EURUSD temporarily consolidates before next leg down
Yesterday at 09:15 AM 32
Go to forecasts