Friday, October 18, 2024
BP cuts jobs as supermajor scales back EV charging unit- oil and gas 360

BP cuts jobs as supermajor scales back EV charging unit

Oil Price BP has cut over a tenth of its workforce in its EV charging business, BP Pulse, as the supermajor is downsizing the division and retreating from several countries to focus on just four key markets, Reuters reported on Monday, quoting sources at the company. BP has cut more than 100 out of BP Pulse’s 900 jobs, but many of the

Oil prices fall after Iran attack as market draws down risk premium- oil and gas 360

Oil prices fall after Iran attack as market draws down risk premium

CNBC Oil prices fell at Asia’s open on Monday, as market participants dialed back risk premiums following Iran’s attack on Israel late on Saturday which the Israeli government said caused limited damage. Brent futures for June delivery fell 24 cents to $90.21 a barrel while West Texas Intermediate (WTI) futures for May delivery were down 38 cents at $85.28 a barrel by 1256 GMT. The attack

Losing hope of rescue, some European solar firms head to US- oil and gas 360

Losing hope of rescue, some European solar firms head to US

US News FRIEBERG, Germany – European governments due to move to support their solar power manufacturers this week will be too late to stop solar panel maker Meyer Burger packing up a German factory to send production to the United States. The plant in Freiberg in eastern Germany closed in mid-March with the loss of 500 jobs, as the Swiss-listed

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