While oil prices were up on Tuesday morning, having just posted the first monthly gain since May, worrying industrial data out of China is holding prices back.
see their stock prices hit all-time highs, soaring 75% and 52% in 2022 to date, the Biden administration might be increasingly tempted to squeeze them for funds.
- The five largest global oil companies have posted net income totaling almost 60 billion in Q3 2022 alone, increasing the risks of government intervention including a US- Chevron has already warned that increasing taxation on oil production will just reduce output, a risky development at a time when upstream investment is still more than 45%- Even though the motion faces headwinds, Senate Democrats have already suggested institutionalizing a gasoline export ban whenever the national domestic...
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