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The Bureau of Ocean Energy Management will conduct an environmental review of the first proposed wind energy project offshore Maryland.

'BOEM will include lease blocks that were previously excluded'.

The BOEM called for proposals for environmental and socioeconomic research that would inform federal decisions on potential offshore wind energy projects in U.S. territories.

The final rule 'increases certainty and reduces the costs associated with the deployment of offshore wind projects'.

In a BofA Global Research report sent to Rigzone recently, analysts highlighted that global oil demand hit a record of around 103 million barrels per day in the third quarter of 2023.

'The Chinese reopening has been negative for oil prices in the very short run'.

BofA Global Research is maintaining its $102 per barrel average Brent crude oil price forecast.

BofA Global Research has revealed its latest Brent and WTI oil price forecasts for 2024.

BofA Global Research published its top equity picks with the greatest exposure to higher-for-longer gas prices.

In a BofA Global Research report sent to Rigzone this week, analysts revealed where they see the oil price heading in the near and mid-term.