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Opinion: Is Russia Plotting To Bring Down OPEC?

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Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

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Volkswagen Group returns to profitability with new record for sales revenue and operating result in 2016

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Sales revenue in fiscal year 2016 rose by €4.0 billion) was substantially higher than the prior-year figure (up 14%); the operating return on sales rose to 6.7% (6.0%). from 9.931 million in 2015. In terms of the Group’s operating result, Volkswagen anticipates an operating return on sales of between 6.0% billion (US$4.22

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Hyundai and Kia make €100M strategic investment in Arrival to co-develop electric commercial vehicles

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Founded in 2015, Arrival has production plants and R&D centers in the US, Germany, Tel Aviv, Russia and the UK. In September 2019, Hyundai and Kia also invested in IONITY, Europe’s largest high-power electric vehicle charging network, and set the stage for sales expansion of EVs within Europe.

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Volkswagen Group outselling GM in China

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The Volkswagen Group is having a very strong sales year so far in China. to 382,300 units compared to September 2015. For the first nine months of 2016, retail sales by GM and its joint ventures in China increased 9% on an annual basis to a record 2,718,315 units. —Fred Kappler, Head of Group Sales.

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Is A Second OPEC Cut In The Cards?

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Inventories at end-December were below 3 billion barrels for the first time since December 2015. The contango has been steadily shrinking, and the futures curve suggests that the market is tightening , which could help to draw down excessive storage that has been kept for sale at a later date. Global oil supplies plunged nearly 1.5

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Ford launching major new product push in Europe; fuel economy and 1.0L EcoBoost engine; first Ford full hybrid car for Europe

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The Focus Electric will go on sale early next year. By 2015, there will be more than 3.5 By 2015, there will be more than 3.5 The total European car and CV market, including Russia, is expected to grow 20 percent in the next five years to 23 million vehicles. million SYNC-enabled vehicles on the roads of Europe.

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Polk forecasts global new vehicle auto sales to reach 77.7M in 2012, up 6.7%; expects China sales to grow 16% while US sales recovery slows

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Global automotive market intelligence firm Polk forecasts worldwide new vehicle sales in 2012 will rise 6.7% Polk expects China to make the largest contribution to global sales growth for new vehicles, with an anticipated 16% increase over 2011. Polk expects light-duty vehicle sales in the US to grow at a moderate pace, with a 7.3%

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