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: 17.03.2026 Expectation: 860 pips
AUDUSD stands firm as Middle East ceasefire hopes build
Today at 06:38 AM 4
Period: 20.03.2026 Expectation: 1200 pips
Selling silver with $72 in sight
06 March 2026 66
Period: 31.05.2026 Expectation: 500 pips
EURUSD selloff targets 1.11000
06 March 2026 50
Period: 13.03.2026 Expectation: 1560 pips
GBPUSD eyes key resistance before resuming downtrend
06 March 2026 48
Period: 30.06.2026 Expectation: 14400 pips
Selling silver amid declining production in US and Europe
06 March 2026 45
Brent sell
Period: 13.03.2026 Expectation: 700 pips
Brent's run loses steam as Russian crude reenters market
06 March 2026 73
Go to forecasts