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Oil prices fall + production cuts, Saudi Arabia's June oil exports drop to a three-year low.
Due to falling oil prices and production cuts, Saudi Arabia's petroleum export revenue has fallen to its lowest level in three years.
US Total Crude Oil Stocks Decline in Week Ended Aug. 16
Oil Bottoms Out After UK Navy Reports New Attacks in Red Sea
Oil: OPEC+ Set to Postpone the Expansion of Production – Commerzbank
From shareholder returns to expansion! Oil & gas M&A activity in the USA increased by 57% YoY last year.
US energy companies that made a lot of profit during high oil prices accelerated their investment in mergers and acquisitions, exploration, and development last year. However, dividend and share buyback expenditures from oil and gas companies were reduced by half last year.
Standing up to Trump! Harris proposes raising the corporate tax rate to 28%.
Current Vice President Kamala Harris, who is running for President of the United States, has announced an important proposal for her future administration - to raise the corporate tax rate to 28% to increase government revenue and help meet the funding needs for large-scale tax cuts for the poor and middle class.
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