... which include the closure of three factories and the potential dismissal of tens of thousands of employees, undoubtedly raise questions about the current and future state of the company. Why is Volkswagen Implementing Layoffs? Volkswagen's decision to cut production and close factories is likely tied to the need to optimize costs and adapt to new market realities. In an environment of economic instability and growing competition in the electric vehicle sector, Volkswagen, like many large enterprises, is ...

... below early July levels. On one hand, expectations of a global economic slowdown and weak data from the U.S. and China are limiting crude demand. Some analysts foresee prices dropping to $60 by year-end. On the other hand, OPEC+ participants continue to cut production, preventing oversupply: Saudi Arabia has extended voluntary production cuts of 1 million barrels per day (August), and Russia is limiting exports by 500,000 barrels per day. Thanks to these measures, global supplies remain restrained. Gold ...

Discussing the factors influencing OPEC+'s decision to refrain from cutting oil production and its impact on the global market. MOSCOW, August 5 - PRIME. The decision of eight OPEC+ countries to abandon the current oil production cuts of 1.65 million barrels per day will depend on the level of oil prices and the trade wars initiated by the United States, experts surveyed by RIA Novosti stated. On Sunday, Russia, Saudi Arabia, the UAE, Iraq, Kazakhstan, Kuwait, Oman, and Algeria ...

... end of the year, Brent quotes could drop closer to $60 per barrel amid cooling global economies. On the other hand, supply factors continue to support the market from deeper declines. OPEC+ countries are consistently complying with announced voluntary production constraints: Saudi Arabia has extended its additional cut of 1 million barrels per day through August, and Russia has confirmed a reduction in oil exports by 500,000 barrels per day. Thanks to these measures, global supplies remain relatively limited. Additional support for prices was also provided by temporary ...

... risk of weak demand will again come to the forefront. Thus, oil prices are balancing between supply-reducing factors (voluntary production limits from OPEC+ countries and sanctions against Russia) and signs of weakening fuel consumption. Gold, meanwhile,... ... of the dollar amidst trade optimism. Moreover, strong employment data in the US reduced expectations for an imminent Fed rate cut, leading to a rise in Treasury yields and making gold slightly less attractive in the short term. Nonetheless, fundamental ...