The European Commission is expected to keep its current ban on oil and gas drilling in the Arctic despite months-long campaigning from Norway to lift the moratorium, a spokesperson for the EC has told Euronews. The Commission, the European Union’s legislative arm, is expected to announce a revamped Northern Neighbourhood strategy on October 20. But the new strategy is expected to keep the moratorium on drilling in Arctic waters, according to the spokesperson. Norway, not an EU member but a close EU ally, is Western Europe’s top oil…

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.