The Trump administration directed Sable Offshore to restore oil drilling operations off the southern California coast, according to the U.S. Energy Department. The order signals a pro-drilling regulatory stance that could incrementally boost regional oil output and affect local E&P names and permitting risk, but is unlikely to materially move national oil prices.
The Trump administration directed Sable Offshore to restore oil drilling operations off the southern California coast, according to the U.S. Energy Department. The order signals a pro-drilling regulatory stance that could incrementally boost regional oil output and affect local E&P names and permitting risk, but is unlikely to materially move national oil prices.
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