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Trump administration says Sable Offshore can resume California oil operations (SOC:NYSE)

Seeking Alpha · last updated
Gas Pipeline In Front Of The Oil Pump

imaginima/iStock via Getty Images

Sable Offshore (SOC) +9.8% post-market Friday after the Trump administration directed the company to resume oil production off the California coast in an attempt to ease fuel pressures created by the war with Iran.

The announcement by Secretary of Energy Wright followed