(Bloomberg) — China boosted coal and gas output to record levels in March, as the nation turned to its domestic producers for security of supply after international prices skyrocketed in the wak...
Tag: Output
Norwegian DLTx Acquires US-Based DMS to Double Filecoin Mining Output
The Norway-based technology and operations company operating in the blockchain industry, DLTx has officially acquired US-based DSM Tech Enterprises LLC, a Bitcoin mining and large scale Filecoin opera...
Shell’s 13-Year Journey From Discovery to First Oil Shows Why U.S. Output Is Flat
(Bloomberg) — Questioned by U.S. lawmakers this week, chief executives from the nation’s biggest oil companies took great pains to explain why they haven’t raised production fast enough to tame ...
Russia Seeks New Ways to Sell Its $20-Billion-a-Year Gold Output
(Bloomberg) — Russia’s huge gold industry is searching for new ways to sell its metal, such as exporting more to China and the Middle East, as sanctions choke off its traditional sales routes. M...
How would the economy handle $200 oil? Here’s what one simulation found
Oil has been one of the most volatile assets since the Russian invasion of Ukraine as traders balance the impact of sanctions with both the likelihood of increased production elsewhere and the possibi...
Will Opec increase oil output as Russia disruption lifts prices?
Will Opec boost oil output to counter Russia supply disruptions? In the oil market this week all eyes will be on Opec’s next ministerial meeting on Thursday, after G7 leaders called on the producer gr...
‘You can’t just turn on the taps’: bottlenecks hit hopes of US oil output surge
Shortages of staff and supplies are weighing on the recovery of US oilfields, derailing hopes that Texas drillers could unleash gushers of crude to help bring soaring global prices under control. The ...
After Oil’s Surge, Saudi Aramco Hikes Spending to Boost Output
(Bloomberg) — Saudi Aramco will increase spending and issue bonus shares as oil’s surge to more than $100 a barrel bolsters the company’s plan to boost production. Most Read from Bloomberg The S...
Unless OPEC increases output, oil market will fall into deficit after Russian invasion, IEA says
Russia’s invasion of Ukraine and sanctions on its oil exports threaten a supply shock that will weigh on the global economy and push the oil market into a deficit unless major producers increase outpu...
Rivian Racks Up $4.7 Billion Loss, Sees Supply Snags Curbing EV Output
Newly built Rivian R1 T electric pickups. Rivian Rivian, the best-funded electric vehicle startup in U.S. history, said losses during its initial year of electric truck production were nearly $5 billi...
Frackers Say Bottlenecks Impede Output Boost as Oil Prices Soar
American shale drillers say there are limits to how much and how quickly they can boost shaky oil supplies following Russia’s invasion of Ukraine, cautioning that supply-chain issues, investors wary o...
Global Commodities Skyrocket, Ounce of Gold Nears $2K, Musk Says ‘There’s a Need to Increase Oil and Gas Output’ – Economics Bitcoin News
While the cryptocurrency prices dropped toward the end of the week, precious metals, energy stocks, and global commodities skyrocketed in value amid the ongoing war in Ukraine. The price of one ounce ...
At Ford, the Chip Shortage Isn’t Getting Any Better. There Are More Output Cuts.
Text size The Ford company logo is displayed on a sign outside of the Chicago Assembly Plant on February 03, 2021 in Chicago, Illinois. Scott Olson/Getty Images The semiconductor shortage that is cons...
‘We need to increase oil & gas output immediately,’ Elon Musk says as Ukraine crisis jolts U.S. crude to 2008 high
Elon Musk voiced an unusual stance for an electric-vehicle executive on Friday. Tesla Inc.’s TSLA, -0.12% chief executive said the U.S. needs to immediately increase production of oil and gas in a twe...
Iraq Shuts Down Two Oil Fields, Further Curtailing OPEC Output
(Bloomberg) — Iraq stopped oil production from two southern fields with a combined capacity of almost half a million barrels a day. Most Read from Bloomberg The shutdowns curtail the ability of ...
Ford Takes More Capacity Offline Because of Trucker Blockade in Canada
Text size Demonstrators against Covid-19 vaccine mandates block the roadway at the Ambassador Bridge border crossing, in Windsor, Ontario, Canada on Feb. 9. Geoff Robins / AFP via Getty Images Ford Mo...
Opinion: Amid a global chip shortage, Intel is making less money — how did that happen?
Intel INTC, -2.48% was the world’s largest chipmaker until 2021, when it was dethroned by Samsung. Though Samsung’s main business is memory chips, which is a different segment of the market to Intel’s...
Tesla earnings: News about the Cybertruck and new factories could set the tone for 2022
Tesla Inc. is slated to report fourth-quarter earnings next Wednesday, with investors expecting a return of Chief Executive Elon Musk to the post-results call and bracing for what could be worrying ne...
Chinese semiconductor output surged 33 per cent last year, double the growth rate in 2020
China’s output of integrated circuits (ICs), including those produced by local companies and foreign-owned factories, last year grew at double the rate seen in 2020, according to Chinese governm...
Rivian Stock Drops on Hints of Vehicle Production Issues
Text size 2022 Rivian R1T Courtesy of Rivian Stock in electric truck startup Rivian Automotive was falling Tuesday because of two issues that impact the same key success factor for the company: vehicl...
Ford Plans To Nearly Double Output Of Hot F-150 Lightning To 150,000
Vehicle-to-vehicle charging with the Ford F-150 Lightning. Ford Responding to surprising demand from “handraisers” for the vehicle, Ford Motor made the stunning decision to nearly double production ca...
Opinion: What would it take for U.S. oil companies to ramp up production? A lot.
Even with oil prices above $100 a barrel and gas prices averaging over $4 a gallon at the pump, frackers show little interest in ramping up output. Companies including Devon Energy DVN, +1.56%, EOG Re...