Sable Offshore gains on report Trump to invoke emergency law
11/03/2026 19:28
** Shares of oil and gas producer Sable Offshore SOC.N climb 21.1% to $17.58 ** U.S. President Donald Trump plans to invoke emergency law for Sable as it looks to restart production from a cluster of offshore platforms in California, Bloomberg News reports on Wednesday, citing a person familiar with the matter ** Trump to summon authorities under the Defense Production Act to preempt state laws and ease permitting for Sable - report ** SOC did not immediately respond to a Reuters request for comment ** Including session's move, SOC up 98.3% YTD (Reporting by Pranav Mathur in Bengaluru) ((Pranav.Mathur@thomsonreuters.com;))
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