NEW YORK (AFP) – United States energy giant ExxonMobil filed suit on Wednesday against the European Union (EU) seeking to block its temporary tax on oil firms’ windfall profits, said a company spokesperson. With energy prices soaring following Russia’s invasion of Ukraine, European Commission chief Ursula von der Leyen announced in September the plan for […]
US oil major Exxon Mobil Corp XOM.N is suing the European Union in a bid to force it to scrap the bloc's new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the…
The EU believes Exxon and Chevron capitalized on an energy crisis and should be fined. The companies, want the money to invest in energy infrastructure.
RIYADH: Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world’s largest crude oil importer. Brent futures for February fell 43 cents, or 0.52 percent, to $82.83 a barrel by 10.15 a.m. Saudi time, while US crude fell 77 cents, or 0.98 percent, to $78.19 a barrel. The scale of the latest outbreak and doubts over