Kazakhstan Wants Its Oil to Circumvent Russia: CERAWeek Update
- Attendance at energy industry’s biggest confab hits a record
- OPEC secretary general sees divided global oil market
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Welcome to day two of CERAWeek by S&P Global in Houston. In the morning, Exxon Mobil Corp. Chief Executive Officer Darren Woods slammed Europe’s windfall profit tax on oil and gas producers, while US Special Presidential Envoy for Climate John Kerry called for finding ways to meet energy demand without undermining the transition to cleaner fuels.
OPEC Secretary General Haitham Al-Ghais spoke in the afternoon, saying that slowing oil consumption in Europe and the US is posing a concern for the global market, even as Asia experiences “phenomenal” demand growth.