White House blasts Big Oil stock buybacks again as Chevron profits double – Yahoo Finance
By Nandita Bose and Jarrett Renshaw WASHINGTON (Reuters) – The White House on Friday launched a new attack on U.S. oil companies to use profits to boost supply after Chevron said it had doubled its annual profit for 2022. He accused them of paying shareholders instead. Chevron posted a record $36.5 billion profit in 2022. […]
Oil prices dip as markets seek more clarity on Fed, SPR restocking By Investing.com – Investing.com
© Reuters. Amber Warwick Investing.com — Oil prices retreated from recent gains on Tuesday ahead of Federal Reserve Chairman Jerome Powell’s speech, but markets are more clear about replenishing US strategic oil reserves this year asked to do Powell is expected to visit Sweden later today to provide more clarity on the direction of US […]