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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessBiden Administration Confirms Phased Down Offshore Drilling Leases
The Biden administration on Friday released its expected plan to phase down oil and gas auctions in federal waters with a release that includes a maximum of three sales in the Gulf of Mexico through 2029.
- Reuters had earlier reported on the record low sales citing sources with prior knowledge of the decision.
- It is the lowest number of sales since leasing schedules began in 1980.
- Previous programs have ranged between 11 and 41 sales.
- The plan has disappointed both supporters and opponents of offshore drilling.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.