Bloomberg Business

Kazakhstan Wants Its Oil to Circumvent Russia: CERAWeek Update

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.

Nissan Suffers Blow With S&P Cutting Credit to Junk

Nissan Motor Co.’s credit rating was slashed to junk by S&P Global Ratings, the latest setback for a carmaker that’s struggled to boost profitability in the years following former chairman Carlos Ghosn’s arrest and the industry’s pivot toward electrification.

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