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Production Lending Closes $35 Million Loan to Private Permian Basin Operator
2022-08-09 - Proceeds from the Production Lending loan will be used by the private, Midland, Texas-based oil and gas company to drill and complete six horizontal wells in the northern Midland Basin.
Facing Record Inflation, Biden Takes Aims at Exxon Mobil, Other Oil Companies
2022-06-10 - “Exxon made more money than God this year,” Biden said in a speech to dockworkers and union representatives at the Port of Los Angeles. U.S. oil companies are not using profits to drill more but to buy back stock, he added.
Oil Dives as US Inflation Data Surges; China Imposes Lockdowns
2022-06-10 - Oil prices sank along with Wall Street stocks after news that U.S. consumer prices accelerated in May. Gasoline prices have hit a record high and the cost of food has soared, leading to the largest annual increase in about 40 years
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