The impoverished tiny South American country of Guyana has emerged as one of the continent’s top oil producers and is poised to become a leading global energy exporter. Since 2015 an Exxon Mobil-led consortium has made a swathe of high-quality oil discoveries in offshore Guyana in the 6.6-million-acre Stabroek Block, with the latest announced in July 2022. It is estimated those finds have uncovered nearly 11 billion barrels of recoverable oil resources in the Stabroek Block with further oil discoveries to come. Exxon, the operator who…
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Exxon CEO Pushes Back On Biden''s Plan To Limit Fuel Exports First it was Chevon''s CEO reaching out to warn President Biden about the administration''s action again oil companies. Now, it''s Exxon warning the President about limiting fuel exports. Exxon is "pushing back" against the idea of reducing U.S. fuel exports, telling President Biden''s Energy Department this week that such actions would lead to continued volatility in oil prices globally, and at the pump domestically, according to a new report by the Wall Street Journal . Exxon said that "the oil industry should not slow fuel shipments in favor of putting more in storage tanks", the Journal report says. Exxon argued that cutting exports would lead to a glut in the Gulf Coast which would then, in turn, prompt output cuts. The concerns were laid out in a letter this week signed by Exxon Chief Executive Darren Woods. Woods wrote: “Continuing current Gulf Coast exports is essential to efficiently rebalance markets—particularly with diverted Russian supplies.
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ExxonMobil and the Biden administration are feuding over fuel exports after Energy Secretary Jennifer Granholm asked industry to limit its shipments abroad amid high fuel prices. This week, Exxon CEO Darren Woods wrote a letter to the administration, apparently disagreeing with its position that limiting exports would help U.S. consumers. “Continuing current Gulf Coast exports is…
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Direxion Energy Bear 2X Shares (NYSE: ERY ) was trading flat on Friday after a four-day decline saw the ETF retrace 11% off the Sept. 26 high of $51.45. The energy sector had been enjoying a long bull cycle, which began on Dec. 31 2021 and gained steam in February following Russia’s invasion of Ukraine and the oil embargoes that followed. The cycle ended on June 8, when Exxon Mobil Corporation (NYSE: XOM ) topped out at the $105.57 mark causing ERY to begin trading higher, although the road for the ETF has been rocky. ERY is a double leveraged fund designed to inversely outperform companies held in the S&P Energy Select Sector Index by 200%. The index includes a variety of energy-related stocks, with two giants, Exxon and Chevron Corporation (NYSE: CVX ) making up 45% … Full story available on Benzinga.com
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WASHINGTON — Top White House officials will meet Friday with oil executives to discuss Hurricane Ian and low gasoline inventories as President Joe Biden warns the industry not to price-gouge consumers, according to two sources familiar with the matter. The White House requested the meeting with oil companies ExxonMobil, Chevron and Marathon Petroleum late on […]
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As the United States has struggled with inflation and high gas prices for months, in August the Biden administration urged oil refiners to limit their fuel exports. But Exxon Mobil […] The post Exxon CEO Warns Biden Admin That Gas Export Strategy Is Likely to Backfire in a Painful Way appeared first on The Western Journal .
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Meta Platforms Inc. (NASDAQ: META ) is no longer among the top 10 most valuable companies in the world as its market cap fell to $366.61 billion with shares of the company closing 3.67% lower on Thursday. What Happened: Meta has moved to the 12 th position among companies with top market cap behind Exxon Mobil Corp (NYSE: XOM ) whose market cap stood at $369.59 billion, taking it to the 11 th spot, data from companiesmarketcap.com shows. Visa Inc. (NYSE: V ) stock is at the 10th position, with a market valuation of $372.51 billion. Apple Inc. (NASDAQ: AAPL ) is the most valuable … Full story available on Benzinga.com
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Exxon Mobil Corporation (XOM)’s stock is trading at $87.42 at the moment marking a fall of -1.62% from the last session close. As of this writing, shares are priced at -17.19% less than their 52-week high of $105.57, and 50.83% over their 52-week low of $57.96. Based on the past 30-day period, the stock price […]
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(Bloomberg) -- Princeton University is moving to sever financial ties with companies involved in the fossil-fuel industry, including energy giants Exxon Mobil Corp. and Suncor Energy Inc., as part of the school’s plan to reach net-zero greenhouse-gas emissions.
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Here are Thursday''s biggest calls on Wall Street.
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Oil prices have fallen from their March highs as demand concerns amid a possible economic downturn have been a drag. As per Reuters, Goldman Sachs lowered its 2023 oil price forecast by $19 per barrel (on average) for the period from Q4 2022 to Q4 2023, reflecting expectations of lower demand and a strong U.S. dollar. That said, the investment bank continues to have a bullish long-term outlook supported by global supply issues amid the ongoing Russia-Ukraine crisis. Bearing in mind a volatile market backdrop, we will discuss three oil stocks – EOG Resources (NYSE:EOG), Occidental Petroleum (NYSE:OXY), and Exxon Mobil (NYSE:XOM).
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BP plc (NYSE: BP ), Exxon Mobil Corp (NYSE: XOM ) and Shell PLC (NYSE: SHEL ) shares are all trading higher going into the close of Wednesday''s session. Shares of energy companies at large are trading higher as oil prices rise following a … Full story available on Benzinga.com
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Biden Draining SPR Like "Campaign Credit Card" For Midterms President Biden''s reckless draining of the US Strategic Petroleum Reserve is nothing more than an election-year gimmick akin to using a ''credit card'' to buy votes, according to Tim Stewart, president of the US Oil and Gas Association. According to data from the Department of Energy, stocks of crude oil in the SPR hit their lowest levels since 1984 for the week ending Sept. 16. "This is the first time in history, honestly, that the Strategic Petroleum Reserve has been used as a campaign credit card to buy down political risk for the midterms ," Stewart told Just the News . "Let me put it in perspective if I could," he continued. " At the current rate, the U.S. is selling more oil out of its emergency reserves than the production of most medium-sized OPEC countries like Algeria or Angola . We''re selling twice as much per day than we''re producing out of Alaska. That puts us somewhere between Exxon and Conoco in terms of … the impact we''re having on the daily supply — and this is happening without new oil going into replace it." The conversation then turned to ''energy expert'' Hunter Biden , who host John Solomon asked for Stewart''s reaction to "the idea that the president''s son ... could be working behind the scenes quietly to take our great energy wealth, send it over to China, while the boss, the president, the ''Big Guy'' that they refer to in the documents, he''s trying to lower our reliance [on fossil fuels] and keep us from using our energy wealth here." Stewart, who noted that the oil and gas trading industry is "very, very complex," replied: "I''ve been in this business for 25 years or so.
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Unleaded Petrol Market Analysis & Forecast for Next 5 Years New Jersey, NJ -- ( SBWIRE ) -- 09/28/2022 -- Latest Study on Industrial Growth of Global Unleaded Petrol Market 2022-2028. A detailed study accumulated to offer Latest insights about acute features of the Unleaded Petrol market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. The Major Players Covered in this Report: Saudi Arabian Oil Co. (Saudi Arabia), Qatar General Petroleum Corp. (Qatar), Essar Group (India), Ampol (Australia), Quest Petroleum (South Africa), Lott Oil Company Inc. (United States), Shell plc (United Kingdom), PetroChina Co.
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NEW YORK , Sept. 28, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for RIO, LOW, WMT, ILMN, and XOM. … Full story available on Benzinga.com
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Launched earlier this month, the sale comes after Shell and Exxon Mobil ran initial sales processes for their British and Dutch assets.
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Someone with a lot of money to spend has taken a bearish stance on Exxon Mobil (NYSE: XOM ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with XOM, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 37 uncommon options trades for Exxon Mobil. This isn''t normal. The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish. Out of all of the special options we uncovered, 10 are puts, for a total amount of $1,286,424, and 27 are calls, for a total amount of … Full story available on Benzinga.com
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Exxon Mobil (XOM) and Shell (SHEL) have hired Jefferies to launch a sale process of a large package of offshore natural gas assets in the southern U.K
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Tuesday''s top analyst upgrades and downgrades included Bristol-Myers Squibb, Costco Wholesale, Dollar General, Exxon Mobil, FedEx, Horizon Therapeutics, Hyatt Hotels, Lucid, Medtronic, Micron Technology, Salesforce, Six Flags Entertainment, Tellurian and Unity Software.
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These are seven of the best stocks to buy that can see substantial returns in the months ahead. Despite the ongoing worries on Wall Street, seasoned investors realize that there may be a bull market in some segments of the market even during these gloomy weeks. Fears of sticky inflation and recession led to many investors reevaluating their investments or pulling their money out of the stock markets altogether. As a result, the S&P 500 index has dropped 23% year to date, while the tech-heavy NASDAQ 100 has lost close to a third of its value. However, for investors who research further, there is always a chance to find the best stocks to buy in a hidden bull market. Including several of those shares could help boost the performance of investment portfolios despite the overall market chaos. Even in 2022, with interest rates hitting a 14-year high in the U.S. and stocks getting hammered, we are experiencing localized bull markets in the energy and utility sectors. For instance, the energy sector, overall, has returned around 18% since January.
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Exxon Mobil (XOM) -2% in Monday''s trading, declining for the eighth straight session, but the stock is one of the top oil producing sector ideas at Bank of America, which sees Exxon…
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Chevron Corp. said Monday it was halting production at two platforms in the Gulf of Mexico ahead of Hurricane Ian, and that production at other Chevron facilities in the Gulf remained "at normal levels." Chevron "will continue to closely monitor the storm and remains focused on the safety of our workforce, the integrity of our facilities and the protection of the environment," the company said in an emailed statement. Forecasters warned Monday that Hurricane Ian would "continue rapidly strengthening" and approach the west coast of Florida on Wednesday into Thursday. Shares of Chevron have gained 22% so far this year, contrasting with losses of around 23% for the S&P 500 index in the same period. Nearly all energy stocks on the S&P traded in the red Monday, with Exxon Mobil Corp. shares poised to hit their lowest close since July 15 and extending a losing streak to eight days. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Let’s look at the fundamentals of the underlying commodity driving XOM, crude oil. Next, we zoom into the specifics of XOM’s current valuation.
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NEW YORK , Sept. 26, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CVS, XOM, SAVA, MU, and PYPL. … Full story available on Benzinga.com
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Although arguably most folks hate the political season due to the back-and-forth mudslinging that materializes, investors will want to pay close attention to the 2022 midterm elections. According to historical data, the midterms broadly kick off superior market performance. Per U.S. Bank’s wealth management arm, “When the analysts looked at data around midterm elections (elections held in between presidential elections), they found that the S&P 500 consistently outperformed in the year after midterms compared with non-midterm years. Just like presidential elections, which party controls Congress generally was not a factor in projecting overall equity market performance.” Also, on a historical note, U.C. Santa Barbara notes that rarely does the sitting president’s party gain seats in both houses of Congress. Therefore, the narrative suggests that Republicans may have a big day for the upcoming 2022 midterm elections. In addition, stocks widely may swing higher. If this circumstance pans out – and please be aware no guarantee exists – then specific stocks just might outperform others.
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Today’s article introduces seven robust stocks to buy ahead of earnings. Given the unprecedented tightening by the Federal Reserve, investors are worried that the overall corporate profitability could further deteriorate in the third quarter. A recent Factset Research Systems (NYSE: FDS ) report highlights “the estimated earnings growth rate for the S&P 500” for the third quarter has declined to 3.5%. Put another way, Wall Street is getting ready for the lowest earnings growth rate in the past two years. Meanwhile, last week’s Earnings Trend report by Zachs reveals an even bleaker picture, forecasting a 1.3% earnings growth for the quarter. If investors were to exclude the energy sector, we would have a decline of -5.4%. Against this backdrop, the bear market offers an attractive opportunity for investors looking to buy wide-moat stocks with solid growth prospects at bargain valuations. With that information, here is our list of the seven stocks to buy ahead of earnings. ABM ABM Industries $38.26 BG Bunge $83.19 EBAY eBay $38.19 HCA HCA Healthcare $191.50 IVE iShares S&P 500 Value ETF $133.06 NOMD Nomad Foods $16.42 TRV Travelers Companies $155.48 ABM Industries (ABM) Source: Maridav/ShutterStock.com 52-week range: $38.08 – $54.00 ABM Industries (NYSE: ABM ) is a leading provider of integrated facility services.
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Exxon Mobil Corporation found using ticker (XOM) now have 24 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 134 and 77 with the average target price sitting at 106.77. Now with the previous closing price of 90.57 this is indicating there is a potential upside of 17.9%. The 50 day MA is 92.85 and the 200 moving average now moves to 84.31. The market capitalisation for the company is $357,375m. Company Website: https://corporate.exxonmobil.com [stock_market_widget type="chart" template="basic" color="green" assets="XOM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $421,298m based on the market concensus. Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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DOHA: France’s TotalEnergies on Saturday signed a further $1.5 billion investment in Qatar’s natural gas production expansion, which comes as Europe scrambles to find new energy sources to replace Russian supplies. The French energy giant will have 9.3 percent stake in the North Field South gas project, the first foreign partner in that section of the vast field, Qatar Energy Minister Saad Sherida Al-Kaabi announced, at a news conference alongside TotalEnergies chief executive Patrick Pouyanne. “Qatar Energy announces the selection of TotalEnergies as a partner for the development of the North Field South,” Qatar’s official news agency QNA said. “New partners will be announced at a later stage.” Kaabi said TotalEnergies would also help to finance the extraction of gas from North Field South, for which 25 percent would be reserved for foreign energy firms. The French firm would take on an “enhanced strategic” role in Qatar’s gas expansion, he added. In June, TotalEnergies agreed a $2-billion deal to take part in the giant North Field East project, that will help Qatar increase its liquefied natural gas (LNG) production by more than 60 percent by 2027.
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In the 2020s, investors are torn between two schools of thought. On one side are your parents and grandparents, who did just fine over the years investing in classic energy companies like Exxon Mobil (XOM), Chevron (CVX), and Occidental Petroleum (OXY). On the other hand, new energy firms like Tesla (TSLA), Plug Power (PLUG), and First Solar (FSLR) are grabbing the headlines and capturing the attention of younger traders. Picking between fossil fuel drillers and clean fuel businesses isn''t a political decision, but a practical one.
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Why are oil stocks down today? Well, that can be summed up by the decline in energy prices, the rise in the dollar and the fall in stocks.
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Exxon Mobil Corp (NYSE: XOM ), BP plc … Full story available on Benzinga.com
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Should you buy this oil stock sell-off?
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Shares of oil and gas companies were taking a broad beating ahead of Friday''s open, as growing concerns of a coming recession has sent crude oil futures sinking toward an eight-month low. The SPDR Energy Select Sector ETF slumped 3.2% in premarket trading, with all 21 components selling off, as crude futures shed 3.4% and while futures for the S&P 500 fell 1.4%. Within energy ETF, the biggest decliners were shares of Marathon Oil Corp. and Devon Energy Corp. , which both fell 4.0%. Among the more-active components, shares of Occidental Petroleum Corp. slid 3.5% and Exxon Mobil Corp. declined 2.9%. The best performer was Williams Companies Inc.''s stock , which gave up 2.3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Exxon Mobil (XOM) is reiterated as a Buy with a $112 price target at Goldman Sachs on Thursday after the bank hosted investor meetings with Chairman/CEODarren Woods and other…
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Exxon Mobil Corporation (XOM)’s stock has witnessed a price hike of 0.37% from the previous close with its current price standing at $91.28. Its current price is -13.53% under its 52-week high of $105.57 and 67.89% more than its 52-week low of $54.37. Based on the past 30-day period, the stock price is -10.12% below […]
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Guyana has launched a tender to choose a marketing agent for its share of Liza crude oil exports, the Natural Resources ministry said on Thursday, following the expiration of a contract with a unit of Saudi Aramco. A consortium by U.S. companies Exxon Mobil Corp and Hess Corp and China’s CNOOC is in charge of […]
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While both stocks are solid bets on oil prices, one appears to have a more short-term appeal than the other.
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It’s been a banner year for energy stocks. With oil prices cresting above $120 a barrel and continuing to trade in a range between $85 and $105, energy companies are reaping record profits and issuing incredible earnings. Many energy companies have announced net income that is up more than 3,000% from year-earlier levels. It all amounts to a windfall for an industry that was decimated during the pandemic when oil prices finished 2020 below $50 per barrel. The strong earnings have led to outperformance among energy stocks this year, with many share prices up 25%, 50%, even 100%. Oil stocks have been the lone bright spot in an otherwise dismal year for equities. While some analysts continue to debate whether oil prices have peaked, the consensus view is that the earnings of oil companies will remain strong through the remainder of this year. With that in mind, here are seven energy stocks primed for a Q3 earnings gusher. XOM ExxonMobil $90.95 OXY Occidental Petroleum $62.68 CVX Chevron $155.01 DVN Devon Energy $64.48 PXD Pioneer Natural Resources $228.00 KMI Kinder Morgan $17.52 MRO Marathon Oil $25.18 ExxonMobil (XOM) Source: Michael Gordon / Shutterstock.com For this year’s second quarter, ExxonMobil (NYSE: XOM ) reported that its revenues rose 69% year-over-year to $111.99 billion.
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Exxon Mobil (XOM) said Wednesday that production has been halted at its 240K bbl/day Gravenchon oil refinery and petrochemical complex in France due to strike action.French unions CGT…
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The content originally appeared on: CNN London (CNN Business)Rich economies should hit oil and gas companies with new windfall taxes to provide help for countries suffering from climate change, and people struggling with soaring energy and food bills, UN Secretary General Ant?nio Guterres said Tuesday. The UN chief accused energy giants of “feasting on hundreds of billions of dollars in subsidies and windfall profits while household budgets shrink and our planet burns.” Guterres’ comments, at the UN General Assembly in New York, come on the heels of a European Union proposal to introduce a windfall tax on oil, gas and coal companies, many of which have reported record-high profits as Russia’s war in Ukraine and an energy crunch send prices soaring. The European Commission is proposing that EU states take a 33% share of the companies’ surplus profits. The United Kingdom introduced a 25% windfall tax earlier this year to provide relief for people struggling with their energy bills but newly installed Prime Minister Liz Truss has said she won’t extend it to pay for a much bigger program of subsidies this winter and next .
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Beginning on the evening of Sept. 20, French unions CGT and Force Ouvriere called for a strike on Exxon Mobil''s French oil refinery and petrochemical site.
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Neurotic Markets Swing Ahead Of Fed Decision, Eyeing Ukraine War Escalation With traders nervously doing nothing ahead of today''s FOMC meeting, where Powell will announce a 75bps rate hike but all attention will be on whether the 2023 median dot (which as we previewed will unleash havoc if it comes above 4.5% which is where market expectations top out for this hiking cycle), today market got an extra jolt of volatility just before the European open when shortly after 2am ET Vladimir Putin delivered his postponed message to announce a "partial mobilization" over the Ukraine war. The news slammed stocks, yields, and the euro while sending oil and commodities sharply higher. And while the initial spike lower has reversed and futures are modestly in the green now, there is zero liquidity right now and the smallest sell program could topples risk assets. As of 7:15am ET, US futures pointed to a recovery from Tuesday’s tumble on anxiety policy makers are hoping to spark a recession in their zeal to subdue price pressures.
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Ukraine-Russian war broke out on Feb 24, and it has been ongoing for more than 200 days. Check the impacts of oil, natural gas prices on major energy stocks.
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Yesterday at the Marriott Hotel, ExxonMobil ushered in the sixth consecutive season as the main sponsors of the Guyana Amazon Warriors. The article ExxonMobil, Guyana Amazon Warriors mark sixth partnership appeared first on Stabroek News .
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Exxon Mobil (XOM) is uncertain whether it will bid for new offshore areas Guyana wants to explore, as the country wrestles with fixing terms of new oil leases, Reuters…
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NEW YORK , Sept. 20, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BA, TSLA, XOM, WIX, and MCD. … Full story available on Benzinga.com
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Reuters What Recession? AmEx Shares Ambitious Hiring Plans As Peers Let Go Staff American Express Co (NYSE: AXP ) shared plans to hire 1,500 people for technology roles dispelling slowdown concerns as its peers slashed jobs and cut expenses. The new hires would fill roles like data scientist, software engineer, and others by the end of the year. AmEx had already brought in 3,600 tech employees this year. PepsiCo Ends Pepsi, 7UP Production In Russia Beverage giant PepsiCo Inc (NASDAQ: PEP ) has stopped production of Pepsi, 7UP, and Mountain Dew in Russia. The end of the production comes six months after the company halted its sales and production in the country in response to Russia''s invasion of Ukraine. The supermarkets and retailers in Russia are said to have stocks with July and August production dates. Exxon Undecided On Auction Bidding For Guyana Oil Assets Despite Boosting Production Exxon Mobil Corp (NYSE: XOM ) has not decided whether it will bid for new offshore areas in Guyana as the company ramps up production faster than expected.
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U.S. politicians have traded (bought and sold) the stocks of three offshore oil and gas drilling companies in the past three months. Those companies are Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), and Hess Corporation (NYSE:HES). Offshore oil and gas drilling companies are in the limelight as the U.S. regulators, the Department of the Interior and the Bureau of Safety and Environmental Enforcement (BSEE), have proposed new regulations to upgrade safety standards at offshore drilling properties. As such, risks of non-compliance with the new rules and regulations might increase for offshore oil and gas drilling companies. Thus, it could be revealing to see U.S.
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Escobar: ''Samarkand Spirit'' To Be Driven By "Responsible Powers" Russia & China Authored by Pepe Escobar, The SCO summit of Asian power players delineated a road map for strengthening the multipolar world… Amidst serious tremors in the world of geopolitics, it is so fitting that this year’s Shanghai Cooperation Organization (SCO) heads of state summit should have taken place in Samarkand – the ultimate Silk Road crossroads for 2,500 years. When in 329 BC Alexander the Great reached the then Sogdian city of Marakanda, part of the Achaemenid empire, he was stunned: “Everything I have heard about Samarkand it’s true, except it is even more beautiful than I had imagined.” Fast forward to an Op-Ed by Uzbekistan’s President Shavkat Mirziyoyev published ahead of the SCO summit, where he stresses how Samarkand now “can become a platform that is able to unite and reconcile states with various foreign policy priorities.” After all, historically, the world from the point of view of the Silk Road landmark has always been “perceived as one and indivisible, not divided.
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PARIS: Nobel laureate economist Joseph Stiglitz says the world’s energy giants should pay a special tax on their massive profits. To him, the companies “didn’t do anything to deserve” the windfall. Oil and gas firms have raked in huge profits this year as energy prices have surged over supply fears after Russia, a major producer of the fossil fuels, invaded Ukraine in late February. “Sometimes we have this discussion: Are profits exploitation or are profits the just deserts of having invested more, putting out more effort,” Stiglitz said in an interview with AFP in Paris. “This is a particular case where there is no debate,” the 2001 Nobel winner said. “It is very clear that the oil companies didn’t do anything to deserve the high oil prices. It was (Russian President Vladimir) Putin’s invasion of Ukraine that was at the source of the problem,” Stiglitz said. The main international oil contract reached almost $140 per barrel in March, though it has since fallen under $100. Gas prices jumped to a record 345 euros per megawatt hours that same month.
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