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Exxon Mobil Newsroom
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Biden has banned new offshore oil drilling along the Atlantic and Pacific coasts of the USA, and it will be difficult for Trump to reverse this decision.
① Biden has permanently prohibited oil companies from obtaining new Oil & Gas drilling leases in approximately 0.625 billion acres of offshore waters; ② The US Energy industry has expressed dissatisfaction and called on Trump to use all tools to overturn this policy; ③ Due to legal restrictions, Trump finds it difficult to simply reverse Biden's decision, while some Republican politicians in coastal states also support this policy.
Oil Extends Strong Start to 2025 on Signs of Strong Demand for Mideast Crude
White House Issues Order Barring New Oil, Gas Drilling Along US Coasts
Exxon Mobil Corporation's (NYSE:XOM) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Barclays Maintains Exxon Mobil(XOM.US) With Buy Rating, Maintains Target Price $137
Oil Prices Steady Near Two-Month High Amid Market Optimism
Oil prices have risen for five consecutive times, Energy stocks lead the rise in U.S. stocks. What is the market anticipating?
The rise in oil prices is mainly due to the market's expectation of the Trump administration's upcoming sanctions against Iran, Venezuela, and Russia, which will lead to a reduction in Global Crude Oil Product supply, causing Energy Stocks to strengthen and become the stocks with the largest increase this week.
Goldman Sachs: It is expected that Iran's oil supply will decline before Q2, with Brent crude oil projected to reach $78 in June.
Goldman Sachs predicts that Iran's Crude Oil Product production will slightly decrease on Friday.
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U.S. Natural Gas Futures Sink on Weather Shift, Storage Miss -- Market Talk
U.S. Maintains Record Oil Output With Fewer Rigs -- Market Talk
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Trump calls on the United Kingdom to "open" the North Sea and dismantle the Generator.
① The elected president of the USA, Trump, posted on his personal Social Media platform Truth Social, urging the United Kingdom to open the "North Sea" and remove the Generator; ② Due to depleting reserves and the Global shift towards Wind Power, oil production in the North Sea has been continuously declining, and oil companies have gradually withdrawn from the North Sea in recent years.
U.S. LNG Demand Hits Record High: A Boon for Select Stocks