Once leaders in the clean energy transition, firms like BP, Shell, and Equinor have reversed course to bolster short-term profits.
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INDUSTRY NEWSLatest News
Azerbaijan Airlines plane may have been downed by Russian air defenses, sources say
Russia’s aviation authority suggested the crash might have been caused by a bird strike, but officials have not clarified why the plane crossed the Caspian …
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The EU’s ban on Russian LPG, which includes propane and butane commonly used as automotive fuel, for heating, and in petrochemical production, took effect on …
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INDUSTRY NEWSLatest News
Oil prices edge higher on Chinese stimulus prospects and US inventory outlook
Oil prices recorded slight gains on Thursday during subdued holiday trading, primarily driven by anticipation of additional fiscal stimulus measures in China and expectations of …
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Toyota Motor North America has announced a donation of £790,000 ($1 million) towards President-elect Donald Trump’s inauguration ceremony scheduled for 20 January. The announcement came …
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Oil prices edged higher on Tuesday, reversing losses from the previous session, as market participants showed cautious optimism regarding short-term price stability. The thin trading …
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Toyota Motor Corporation has reportedly decided to establish a new factory in Shanghai, China, dedicated to producing electric vehicles (EVs) under its luxury Lexus brand, …
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INDUSTRY NEWSLatest News
Arcadium Lithium shareholders approve $6.7 billion acquisition by Rio TintoÂ
Arcadium Lithium announced on Monday that its shareholders have overwhelmingly approved the company’s $6.7 billion acquisition by Australian mining giant Rio Tinto. The deal, expected …
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The European automotive sector, long considered a cornerstone of the region’s economy, is undergoing a turbulent phase. Several major manufacturers and suppliers have recently announced …
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INDUSTRY NEWSLatest News
Volkswagen agrees to historic labour deal: 35,000 jobs to go in German restructuring
Volkswagen, Europe’s largest automaker, reached a groundbreaking agreement with labour unions on Friday to implement sweeping changes across its German operations, including the reduction of …