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Biden demands faster drop in gas prices as oil tumbles
• Russia could lose 30% of its oil output within weeks, IEA warns • Natural gas is expensive, dirty and financing war. Here are 5 ways to use less of it • Covid. War. Inflation. Recession fears. The stock market can't keep up
[ cnn.com ]Ford to ramp up its Mustang Mach-E output
Ford is increasing output for its Mustang Mach-Es in 2022, Ford Motor Company CEO Jim Farley announced Friday in a tweet.
[ cnn.com ]Biden's remarkable success on climate
By every standard, President Joe Biden's climate change summit was a remarkable success. With great diplomatic dexterity, Biden and climate envoy John Kerry assembled world leaders representing 82% of world carbon emissions, 73% of the world population and 86% of world economic output to commit to bold climate action.
[ cnn.com ]OPEC and Russia divided over oil
A group of major oil producers including Saudi Arabia and Russia is deadlocked over whether to increase output as the pandemic forces some economies back into lockdown and governments struggle to distribute vaccines.
[ cnn.com ]How to ask for a raise in the middle of a pandemic
You've been working longer days and increasing your output, taking on more responsibilities, and really stepping up. You've earned a pay raise.
[ cnn.com ]Analysis: Convention will test Trump's ability to explain away the US economic collapse
President Donald Trump's election-year economic record looks extraordinarily bleak: widespread business failures, the highest unemployment since the Great Depression, the largest output drop in modern history.
[ cnn.com ]UK crashes into deepest recession of any major economy
UK economic output shrank by 20.4% in the second quarter of 2020, the worst quarterly slump on record, pushing the country into the deepest recession of any major global economy.
[ cnn.com ]U.S. gasoline demand recovery falters as refiners ramp up output
A recovery in demand for gasoline in the United States, the world's largest market for the motor fuel, hit a plateau last week as coronavirus cases surged in some states, undercutting refiners' efforts to ramp up low fuel production.
[ reuters.com ] businessNews,Oil edges up on OPEC output cut compliance; pandemic still weighs
Oil prices rose slightly Thursday as a panel of OPEC and its allies met to review record oil supply cuts, even as the market remained concerned about additional coronavirus cases reported in parts of the United States and China.
[ reuters.com ] businessNews,Russian supplier of titanium for Boeing and Airbus may suspend output in September
VSMPO-Avisma, one of the world's largest producers of titanium for Boeing and Airbus, is considering temporary suspension of production in September if business does not improve, its acting chief executive said.
[ reuters.com ] companyNews,UPDATE 1-Norway does not plan deeper oil output cut after OPEC+ move
Norway is not planning to deepen its oil output cuts after a decision by the OPEC+ group to prolong its own production cut, the Nordic country's energy minister said on Thursday.
[ reuters.com ] companyNews,Oil prices tick up amid mixed signals from U.S. data
Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future output strategy.
[ reuters.com ] businessNews,Colombia's potential cocaine output up 1.5% in 2019, says U.N. drug agency
Potential production of pure cocaine hydrochloride in Colombia was up by 1.5% last year to 1,137 metric tonnes, the United Nations Office on Drugs and Crime (UNODC) said on Wednesday, even as the areas planted with primary ingredient coca decreased.
[ reuters.com ] worldNews,U.S. shale companies to boost oil output by 500,000 bpd by month-end
U.S. shale producers are expected to restore roughly half a million barrels per day (bpd) of crude output by the end of June, according to crude buyers and analysts, amounting to a quarter of what they shut since the coronavirus pandemic cut fuel demand and hammered oil prices.
[ reuters.com ] businessNews,UPDATE 1-Shale producer Devon Energy curtails 10,000 bbls per day of oil production
Shale producer Devon Energy Corp has curtailed roughly 10,000 barrels per day of oil production, its chief executive said at an energy conference on Tuesday, but said Devon still expects to end the year with output flat with 2019 levels.
[ reuters.com ] companyNews,U.S. business inventories drop more than expected
U.S. business inventories fell more than expected in April as the COVID-19 crisis depressed imports, suggesting inventory investment could again be a drag on economic output in the second quarter.
[ reuters.com ] businessNews,Oil prices rise 2% on optimism around OPEC+ output pact
Oil prices rose more than 2% on Monday as signs that fuel demand was recovering, while OPEC+ members were complying with a production cut deal, outweighed fears that new coronavirus infections could further slow the global economy.
[ reuters.com ] businessNews,China's factory output perks up but consumers stay cautious
China's factories stepped up production for a second straight month in May, as the country shook off the economic torpor of the coronavirus, although the weaker-than-expected gain suggested the recovery remained fragile.
[ reuters.com ] businessNews,UPDATE 1-China May aluminium output edges up from previous month
* China May aluminium output at 2.98 mln tonnes - stats bureau
[ reuters.com ] companyNews,UPDATE 1-'Health, then production': Unions ramp up pressure on Chile copper miner Codelco
Unionized mine workers in Chile, the world's top copper producer, warned on Thursday that health should take precedence over output, one day after state-run Codelco's unions threatened a walkout at some of its operations.
[ reuters.com ] companyNews,