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The $32-Trillion Push To Disrupt The Entire Oil Industry

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International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs). Increased shareholder activism, combined with global warming policies of institutional investors and NGOs, are pushing IOCs in a corner, constricting financing options for oil companies.

Oil 231
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IHS Markit: US oil production growth heading for a major slowdown, as capital discipline and weak prices play out

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Going from nearly 2 million barrels per day annual growth in 2018, an all-time global record, to essentially no growth by 2021 makes it pretty clear that this is a new era of moderation for shale producers. It all represents the strongest headwinds for shale producers since the oil price collapse in 2015. —Raoul LeBlanc.

Oil 170
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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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Looking across the full year, IHS Markit is expecting a 21% decline over 2019 production volumes due to a combination of factors including COVID-19, but also the natural weakening in truck demand following unusually strong sales in 2018-19. The local industry is already recovering, with commercial vehicle plants re-opened.

2020 191
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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

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Winterkorn made the remarks during a presentation at the 17 th Handelsblatt-Jahrestagung in Munich on 3 July, during which he outlined VW’s approach to future mobility in the current context of the economic crisis, pessimism about the industry and technology potential. We have rock-solid finances. Background.

2013 150