Oil Prices End Higher to Kick off 2025, Boosted by a Stronger Demand Outlook

MarketWatch15:17 ET · Markets

Attention Oil & Gas Industry! Biden is about to make a big move, and this time Trump might have no solution...

① The President of the USA, Biden, is said to be issuing an executive order to permanently ban new offshore Oil & Gas development in certain coastal waters of the USA to ensure these areas have eco-friendly protection for coastal regions. ② This order is based on a 72-year-old law that grants the White House broad discretion to permanently protect USA waters from the impacts of Oil & Gas leasing.

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