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: 04.07.2025 Expectation: 224 pips
Selling natural gas with target of 3.335 amid colder weather and oversupply
Yesterday at 11:45 AM 33
Period: 02.07.2025 Expectation: 20000 pips
ETHUSD recovery supported by expanding use of cryptocurrencies in US
Yesterday at 10:57 AM 33
Period: 18.07.2025 Expectation: 400 pips
Buying Brent up to $70.5 per barrel
Yesterday at 09:12 AM 35
Period: 03.07.2025 Expectation: 1020 pips
EURUSD strengthens amid geopolitical stabilization and expectations of Fed rate cuts
25 June 2025 56
Period: 04.07.2025 Expectation: 1500 pips
NVIDIA shares will face increasing pressure near 152.6
25 June 2025 35
Period: 01.07.2025 Expectation: 350 pips
Buying AUDUSD with target of 0.65350 amid Middle East de-escalation
24 June 2025 67
Go to forecasts