Despite the pain at the pump, Americans are hitting the road Business and Economy News

As petrol prices continue to break records in the United States, putting a significant strain on Americans’ wallets and threatening economic growth, analysts predict that pain at the pump will cause some demand destruction in the coming months of the US summer driving season. Oil climbed to a two-month high on Thursday on signs of … Read more

Despite the pain at the pump, Americans are hitting the road Business and Economy News

As petrol prices continue to break records in the United States, putting a significant strain on Americans’ wallets and threatening economic growth, analysts predict that pain at the pump will cause some demand destruction in the coming months of the US summer driving season. Oil climbed to a two-month high on Thursday on signs of … Read more

UK slaps windfall tax on oil and gas giants over rising energy bills

Sunak had previously rejected the idea of ​​a windfall tax, saying that while it sounded “superficially appealing” it would ultimately deter investment. Leon Neal | Getty Images News | Getty Images LONDON – UK Finance Minister Rishi Sunak has imposed a windfall tax on oil and gas majors as the government scrambles to alleviate the … Read more