US to hold GOM oil and gas lease sale in June 2025

By Yahoo! Finance   |   1 month ago
US to hold GOM oil and gas lease sale in June 2025

The US plans to hold an oil and gas lease sale in the Gulf of Mexico in June, part of a program initiated by the Biden administration. The sale aims to tap into significant undiscovered oil and gas reserves, although the industry faces uncertainty due to fluctuating oil prices and regulatory challenges.

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