Volkswagen’s board has approved the largest restructuring in the company’s 89-year history: about 100,000 jobs gone by 2030, a slashed model lineup, and four German plants—Emden, Zwickau, Hanover, and Audi’s Neckarsulm—facing a phased wind-down between 2031 and 2034. That is not a cyclical downturn. It is what happens when energy policy prices a manufacturing nation […]
Continue ReadingWeekly Daily Standup Top Stories Oil Majors and Traders Vye for Shell’s South African Assets September 8, 2024 Stu Turley Shell is divesting from its downstream operations in South Africa, attracting interest from major oil traders and national oil companies. Saudi Aramco, ADNOC, Trafigura, and other major players are in the race to acquire Shell’s […] It’s […]
Continue ReadingDaily Standup Top Stories Oil Markets Are Ignoring Imminent Production Cuts By 3 OPEC+ Members September 11, 2024 Stu Turley It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the months-long oil price selloff. Back in July, Russia, Iraq and Kazakhstan submitted their compensation plans to the OPEC Secretariat […] Layoffs […]
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