Oil majors still profitabe even if super-profits gone

Newsletter Aug 2, 2023 [ International Business Times]( [Oil majors still profitabe even if super-profits gone]( From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits posted in 2022 when prices surged in the wake of Russia's invasion of Ukraine, but they nevertheless remain comfortably profitable this year. [Stock markets mostly drop, dollar firms]( US and European stock markets mostly fell on Tuesday as investors reacted to macroeconomic data and corporate earnings, while the dollar firmed.  [Learn more about Jeeng]( [European consumer goods industry sees decline in product innovations amidst sales slump]( A recent study reveals a decline in product innovations among major brand manufacturers in Europe's six largest markets amidst falling sales in Fast-Moving Consumer Goods. [Ukrainian grain lorries wait days to unload at Danube port]( Anton Moiseyev sat for the third day in the cabin of his lorry, parked by a roadside cafe in Ukraine's southern Odesa region, in a bottleneck triggered by Russia's scrapping of a grain shipping deal. [Reports show 50% of banks think data-driven financial services have provided commercial benefits]( Financial institutions in the UK want to assist clients better, with over 80 per cent of bank executives committed to providing data-driven financial management support. [dianomi]( [Gen Z and Millennials prioritise retailers' reputation and values over price]( A new study reveals that despite a challenging economic environment, Gen Z and Millennial customers prioritise retailers' reputations when making purchasing decisions. [WHO calls for bans on tobacco and vape products]( The Netherlands have become the fourth country in the world to ban the promotion of tobacco and e-cigarette products. [Taliban officials make a bonfire of musical instruments because music 'destroys society']( The religious police in Afghanistan burnt down dozens of musical instruments claiming that music could "corrupt" people. [Twitter's rebranding to 'X' triggers scam warnings on Microsoft Edge]( Rebranding Twitter could be part of Elon Musk's plan to transform the social media platform into an everything app. [X sues hate speech tracker over Twitter reports]( X is suing a nonprofit group in US federal court over reports that hate speech has flourished at the platform formerly known as Twitter. [Meta starts blocking news in Canada]( Meta on Tuesday started blocking Canadians' access to news on Facebook and Instagram in response to a new law requiring digital giants to pay publishers for such content. [Could a universal vegan diet cure the climate crisis and achieve the 1.5C climate target?]( Experts say that veganism is one of the best ways to achieve the current 1.5C climate target. However, they have also recognised that prescribing a universal vegan diet is impossible because 783 million people are suffering from severe acute food insecurity. [UK Foreign Office's latest Greece update could be great news for UK travellers]( Greece is among the European countries to have been struck by massive wildfires over the last few weeks. [Kylian Mbapppe transfer news: PSG may file complaint against Real Madrid]( PSG officials are convinced that Real Madrid went behind their backs to forge an agreement with their player. You Might Like    [Learn more about Jeeng]( [IBTimes]( IBTimes will always protect your security and privacy. Please read our detailed [Privacy Policy.]( Please do not reply to this email. [Click here]( to adjust your notification preferences or unsubscribe. © Copyright 2023 IBTimes LLC. All Rights Reserved. IBTimes LLC, 33 Whitehall ST FL 7, New York, NY 10004 U.S.A, New York, New York 10004, United States You may [unsubscribe]( or [change your contact details]( at any time.