million barrels a day from january the regime to reduce supply and boost prices the price of a barrel of bread has been dragged down by a combination of factors the global macro economic outlook isn't shining on the oil industry and this week's rate hike from the us federal reserve has exacerbated investor fears of an economic slowdown but oversupply remains the biggest challenge for the industry increasing crude production in the u.s. which is now a top producer worldwide makes it more difficult for opec to control the global market. so while the downward trend of oil prices may be welcome news for drivers it spells trouble for opec an inability to influence price may mean its effectiveness as a cartel is diminishing. false fucking apparently wants to cut around seven thousand jobs in the coming years according to media reports the v.w. plants in hanover and ended will be affected the background is that the production of electric cars requires fewer people than the productions of production vehicles