'Oil companies are exploiting the situation': Europe eyes windfall tax on energy giants as fuel prices rise

EU finance ministers are considering ways to tax what Germany's finance minister described as 'excessive profits' in the energy sector amid fears of a major energy price shock.

German minister says companies are ‘exploiting situation’ in Middle East, as sky-high prices become major domestic issue for leaders European governments have discussed imposing a bloc-wide windfall tax on energy companies, as near-record fuel and gas prices pile pressure on…