A new prediction from the Alaska Department of Revenue shows high oil prices lasting throughout 2026, with big implications for the state budget.

Sec. Doug Burgum stopped briefly in Alaska Thursday on his way to a conference in Tokyo.

Their concerns range from habitat destruction to the loss of subsistence rights.

Members of the International Energy Agency have announced a coordinated release of 400 million barrels of stockpiled oil in an attempt to counter the disruption in oil trade triggered by the Iran war.

Lingít community members with ties to the area say Berners Bay is sacred and important for hunting and fishing.

Brent crude reached its highest price since Russia invaded Ukraine in 2022. Gasoline prices in the U.S. are expected to continue to rise.

A group of environmental and tribal groups had filed suit in 2020 at the same time as the Democratic-led states. Last month, that coalition renewed their suit.

The Bureau of Ocean Energy Management is evaluating whether to hold a first-of-its-kind lease sale for seabed mineral development in federal waters off Alaska, and seeking information and input to help decide if it should move forward.

A 2017 lease sale drew lackluster bidding, and a 2021 lease sale drew no bids at all.

The Department of Interior said it was illegal in the first place to grant Nuiqsut rights over an area inside NPR-A.

The plaintiffs argued that the project will harm habitat crucial to caribou, birds and other wildlife that local communities rely on for subsistence.

In starkly written order, the Alaska Oil and Gas Conservation Commission confirmed a $313,616 fine against Cook Inlet Energy and implied the firm misled regulators.