Focus on Business
US Steel warns plants could close without Nippon sale
U.S. Steel warns of potential Pennsylvania closures if Nippon Steel takeover is blocked; both parties oppose the sale.
US oil, gas M&A nears 2023 record, focus shifts from Permian – Rystad
Oil megamergers and consolidations have cost $100bn so far this year with $46bn of further assets up for sale, according to analysis.
Citi says oil prices could average $60/bbl in 2025 without cuts
If OPEC+ doesn't reduce production further, say analysts, oil prices could drop to $60 a barrel in 2025.
GM battery joint venture agrees to recognize UAW at Tennessee plant
United Auto Workers recognized at Ultium Cells facility that employs 1,000 workers.
Volvo Cars abandons 2030 EV-only target
Volvo has scrapped its all electric by 2030 target, saying it now expected to still be offering some hybrid models in its lineup...
German car sales plunge in August as EV slump worsens
Record fall in demand for electric vehicles in Europe's biggest auto market, following a downward path all year after incentives run out.
Marathon’s Detroit refinery workers to strike from Wednesday
Half of refinery workforce to strike in Detroit over pay and schedules, but Marathon says action won't impact operations.
Norway seeks to end climate injunction against three oilfields
Norwegian government hopes appeals court will lift injunction on developing fossil fuel projects after ruling was temporarily put on hold.
