U.S. President Donald Trump took action on Jan. 20 to temporarily withdraw areas of the Outer Continental Shelf from offshore wind energy leasing and review federal wind leasing and permitting practices. The action also stops federal agencies from issuing new or renewed approvals for offshore or onshore wind projects pending completion of a comprehensive assessment…...
Brent crude oil prices are expected to decline from an average of $81 per barrel (b) during 2024 to $74/b in 2025 and $66/b in 2026, according to an Jan. 21 report published by the U.S. Energy Information Administration. The agency’s price decline expectations can be attributed to slower demand growth and robust global growth…...
U.S. President Donald Trump issued a series of executive actions on Jan. 20, declaring a national energy emergency, initiating fossil fuel expansion, and withdrawing the U.S. from the Paris Climate Agreement. These actions represent a sharp departure from former President Biden’s renewable energy and climate-focused policies. The declaration of a national energy emergency seeks to…...
