Incoming Administration Official: Trump to Declare National 'Energy Emergency'

President-elect Donald Trump will sign an executive order declaring a national energy emergency aimed at "unleashing affordable and reliable American energy," an official with the incoming White House said on Monday.

Trump will also sign an executive order focused on Alaska, the official said, adding that the state was critical to U.S. national security and could allow exports of LNG to other parts of the United States and allies.

The official said there was no specific target for the oil price, adding that the Trump administration aimed to ensure an abundance of American energy that would allow prices to drop.