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offshore drilling ban News

US Oil Prices Surge Over 1% Following Significant Drop in Crude Inventories

Christopher Adams 10 Jan, 2025

Crude oil prices rose over 1% after a report showed a significant drop in US inventories and President-elect Trump's pledge to reverse the offshore drilling ban, impacting market d...

Economy

President Biden Implements Sweeping Ban on New Offshore Oil and Gas Drilling to Protect Coastal Ecosystems

Jessica Bennett 06 Jan, 2025

President Biden has enacted a sweeping ban on new offshore oil and gas drilling across 625 million acres of US coastal waters, aiming to protect ecosystems and transition towards c...