Post Tagged with: "boost oil royalties"

Source: Bloomberg

U.S. seeks to boost oil royalties to account for climate change

World Oil

WASHINGTON (Bloomberg) –The Biden administration on Friday issued a long-awaited blueprint for overhauling oil and gas development on federal lands that includes boosting royalty rates despite high gasoline prices that have spurred demands to accelerate domestic production.

The …

November 29, 2021 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News, Finance