September 2019 was marked by a an important milestone in the global oil industry when oil and gas stocks’ weighting in the S&P 500 fell to the record low in 40 years since 1979. Exxon Mobil, one of the major oil companies, fell out of the top ten stocks of the S&P 500 for the first time in nine decades.
Kanat Makhanov is a research fellow at the Eurasian Institute of the International H.A Yassawi Kazakh-Turkish University. He holds a BA in Business Economics from the KIMEP University from 2012. In 2014 he earned his Masters degree in Economics from the University of Vigo (Spain), completing his thesis on “Industrial Specialization in autonomous regions of Spain and Kazakhstan”. His main research interests are Spatial Economics, Economic Geography, Regional Economics, Human and Economic Geography.