2025
UK Keeps Oil and Gas Windfall Tax in ‘Bitter Blow’ to Sector
The UK government will stick with a controversial windfall tax for North Sea oil and gas producers until the end of the decade, dismissing complaints that the levy hurts investment and jobs.
Aramco Is Said to Pick Citi for Oil Storage Terminals Stake Sale
Saudi Aramco has chosen Citigroup Inc. to help arrange a potential multibillion-dollar stake sale in its oil export and storage terminals business, according to people familiar with the matter.
Lotte, Hyundai to Merge Some Petrochem Units to Fight Oversupply
Lotte Chemical and HD Hyundai Chemical agreed to combine part of their naphtha-cracking facilities as South Korea’s top petrochemicals producers respond to a prolonged oversupply and weakening margins.
