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Commodities and Futures News

Trump: I will revoke offshore oil, gas drilling ban in vast areas on day one

22 hours ago

Less than a minute

2025.01.07 12:27

(Reuters) – U.S. President-elect Donald Trump said he will revoke an offshore oil and gas drilling ban announced by outgoing Democratic President Joe Biden, in a press conference on Tuesday.

© Reuters. FILE PHOTO: U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. January 7, 2025. REUTERS/Carlos Barria/File Photo

“Banning offshore drilling will not stand. I will reverse it immediately,” Trump said. He added: “I will revoke offshore oil, gas drilling ban in vast areas on day one.”

Republican Trump takes office on Jan. 20.

22 hours ago

Less than a minute

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