Saturday, August 23, 2025
Trump officials lift ban on Empire Wind project, allowing construction to resume- oil and gas 360

Trump officials lift ban on Empire Wind project, allowing construction to resume

(World Oil) – Following dialogue with regulators and federal, state, and city officials, the U.S. has lifted the stop-work order on the Empire Wind project, allowing construction to resume. Once complete, the offshore wind development will provide power for 500,000 New York homes, Equinor said in a statement. “I would like to thank President Trump for finding a solution that

Oil prices ease on geopolitical uncertainty, weak China demand signals- oil and gas 360

Oil prices ease on geopolitical uncertainty, weak China demand signals

(Investing) – NEW YORK  – Oil prices fell on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude-importer China’s economy. Brent futures were down 42 cents, or 0.6%, to $65.12 a barrel at 11:02 a.m. EDT (1502 GMT), while U.S. West Texas Intermediate (WTI) crude slid 26 cents, or