Oil prices have surged due to the war with Iran. Most oil companies anticipated that crude prices would be much lower this ...

With oil prices continuing to rise, the Sen. Sheldon Whitehouse (D-R.I.) and Rep. Ro Khanna (D-Calif.) have proposed taxing big oil’s windfall profits from the Iran war-fueled crisis. “Trump’s war of ...

A sharp rise in global oil prices following the US-Israeli war on Iran has intensified pressure on American households while simultaneously driving a surge in profits for major fossil fuel companies, ...

Germany is set to pass legislation to put the brakes on rapidly rising gas prices. Berlin says a tax on petroleum profiteers is under consideration, but adds that it's too early for any drastic action ...

Higher energy prices might vex the economy, but they provide a financial boost for some states, helping to close budget ...

Indonesia considers a coal windfall tax and spending cuts to keep its budget deficit below the 3% of GDP legal limit.