Exxon Mobil projects a sequential increase of about $7.4 billion in operating profits compared with the first quarter. The company’s peak quarterly profit was $15.9 billion in 2012. The filing indicates a potential profit of more than $16 billion for the second quarter. The company posted its biggest quarterly profit in seven years. Exxon Mobil … Read more
Brent crude rises 0.8%, to $109.86 a barrel by 0012 GMT. Prices fell around 3% on Thursday after OPEC+ agreed to stick to output hikes. 74 Norwegian offshore oil workers at Equinor’s platforms will go on strike from July 5. Oil costs edged up in early exchange on Friday, in the wake of soaking in … Read more
Gasoline prices have been surging around the world due to a combination of rebounding demand, sanctions on oil producer Russia after its invasion of Ukraine, and a squeeze on refining capacity. The price of U.S. gasoline averaged more than $5 a gallon for the first time on June 11. U.s. President Joe Biden is supposed … Read more
More than 100 workers in Towson near Baltimore “overwhelmingly voted to join the International Association of Machinists and Aerospace Workers”. Unionization efforts are gaining momentum at some large U.S. corporations, including Amazon (AMZN) and Starbucks (SBUX). U.S. President Joe Biden said he was “glad” of Apple Inc (AAPL.O) laborers in Maryland who decided on Saturday … Read more
U.S. President Joe Biden signed the Defense Lend-Lease Act on Monday, the first time in 81 years since the law was devised in 1941 during the Second World War. The act allows expedited military aid for support to Ukraine. On the same day, Russia launched a major attack on Odesa in southern Ukraine near the … Read more
South Korean President-elect Yoon Suk-you will hold his first summit with U.S. President Joe Biden in Seoul on May 21st, only 11 days after his inauguration in May. A statement by his spokesperson on Thursday said the President-elect welcomed Biden’s visit to South Korea from May 20th to 22nd. It said the two leaders will … Read more
Washington: U.S. President Joe Biden will on Tuesday hold a conversation with allies to discuss the Ukraine situation, including how to work on keeping Russia accountable, the White House said. “The President will convene a secure video call with allies and partners to discuss our continued support for Ukraine and efforts to hold Russia accountable … Read more
