Trump Slams U.K. North Sea Energy Policy, Says 'Get Rid of Windmills'
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.
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Noon Crude Oil Analysis: USA crude oil inventories have declined for six consecutive weeks, can Brent Crude Oil prices reach new highs?
After the USA's Crude Oil Product inventories fell for the sixth consecutive week, Brent Crude Oil Futures traded in Asia's early session...
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.
Oil Prices Inch Higher on China Stimulus Hopes; Set for 2nd Straight Weekly Gain
Before Trump took office, Biden would prohibit more offshore oil drilling.
According to informed sources, Biden will issue an executive order in a few days to prohibit the sale of new drilling rights in certain areas outside the continental shelf of the USA, but Trump is expected to order the repeal of these protective measures.
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Weekly Crude Inventories Fall Less Than Expected