18 June 2025 | Gas | Oil

Trump administration plans to allow oil and gas operations in Alaska reserve

Trump administration plans to allow oil and gas operations in Alaska reserve

The Trump administration suggested making 82% of the 9.3-million-hectare National Petroleum Reserve in Alaska available for oil and gas extraction. This move challenges ex-President Joe Biden's initiatives to limit drilling in the region, according to information released by the US Department of the Interior (DOI).

In 2022, the previous administration prevented development in certain areas of the reserve to safeguard the lifestyles of indigenous communities and wildlife habitats.

The current proposal is designed to generate jobs for Americans, lessen the nation's reliance on foreign oil, and take advantage of its extensive energy resources, said Adam Suess, the DOI’s official.

Reuters reports the public has 14 days to provide feedback on the draft to the Department's Bureau of Land Management.

Period: 08.05.2026 Expectation: 800 pips
Investing in AUDCAD with 0.98500 in sight
Today at 11:06 AM 10
Period: 01.05.2026 Expectation: 700 pips
Brent crude is correcting amid pre-weekend profit-taking
Today at 11:03 AM 18
Period: 24.06.2026 Expectation: 4600 pips
Selling GBPUSD ahead of BoE meeting
Today at 08:48 AM 15
Period: 30.04.2026 Expectation: 750 pips
SPX sell-off targets 7,050
Today at 08:33 AM 12
Period: 01.05.2026 Expectation: 840 pips
USDCAD is poised to take breather by week’s end before resuming its rise
Today at 08:20 AM 12
Period: 30.04.2026 Expectation: 1150 pips
Selling USDJPY down to 158.500 as resistance looms
Yesterday at 10:16 AM 26
Go to forecasts