Friday, January 31, 2025

NEW YORK, NY / ACCESSWIRE / June 2, 2022 / Pomerantz LLP announces that a class action lawsu…

White House weighing oil profits tax to fund consumer rebate, official says- oil and gas 360

White House weighing oil profits tax to fund consumer rebate, official says

BOE Report The White House is considering proposals that would tax oil and gas windfall profits in order to provide a benefit to consumers struggling with higher energy prices, a U.S. official said on Thursday. Bharat Ramamurti, the deputy director of President Joe Biden’s National Economic Council, said the administration has been examining U.S. Senate and House of Representative proposals

OPEC+ brings forward oil output rises as Biden's Saudi visit looms- oil and gas 360

OPEC+ brings forward oil output rises as Biden’s Saudi visit looms

Yahoo DUBAI/LONDON/RIYADH -Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President Joe Biden. OPEC+ said it had agreed to boost output by 648,000 barrels per day (bpd) in July – or