Saturday, August 8, 2026
Oil giant Aramco says windfall taxes 'not helpful' and could stifle decarbonization- oil and gas 360

Oil giant Aramco says windfall taxes ‘not helpful’ and could stifle decarbonization

CNBC Pressuring oil companies through higher taxes is counterproductive at a time when global crude demand is set to outstrip supply, the CEO of Saudi Aramco, the world’s largest and most profitable energy company, said during the World Economic Forum in Davos, Switzerland. Asked by CNBC’s Hadley Gamble if a windfall tax on oil profits is a bad idea, Amin

Oil prices extend gains on optimism over China’s recovery - oil and gas 360

Oil prices extend gains on optimism over China’s recovery

BOE Report Oil prices rose on Wednesday, extending the previous session’s gains, driven by optimism that the lifting of China’s strict COVID-19 curbs will lead to a recovery in fuel demand in the world’s top oil importer. U.S. West Texas Intermediate (WTI) crude futures rose 90 cents, or 1.11%, to $81.92, having risen 0.4% on Tuesday. Brent crude futures firmed