American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
Category: BP Plc
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
The New York Times – Business: -
Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes
The New York Times – Business:European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.
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For Western Oil Companies, War in Iran Means Bigger Profits, and Risks
The New York Times – Business:American and European oil and gas companies are expected to earn a lot more as prices surge but are worried about the future.