Oil Majors Borrow Billions for Buybacks as Production Wanes ...Middle East

OILPRICE - Economy
Oil Majors Borrow Billions for Buybacks as Production Wanes
source : OILPRICE ( Middle East ) () 75
Oil prices fell for the second consecutive day on Tuesday, with market experts attributing the decline to the bearish nature of President Trump’s “Drill, Baby, Drill” agenda on oil prices. True to word, Trump signed an executive order on Monday repealing former President efforts to block oil drilling in the Arctic and along large areas off the U.S. coasts. Trump also repealed a 2023 memo that barred oil drilling in some 16 million acres (6.5 million hectares) in the Arctic. However, it’s going to take a lot more to lure…

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