Category: Production

BMW Will Build a New Electric S.U.V. in South Carolina

The New York Times – Business:
The German company is doubling down on electric vehicles even as other automakers pull back after acknowledging billions of dollars in losses.
U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf

The New York Times – Business:
U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
Which Countries Are Profiting From the Iran War Oil Shock

The New York Times – Business:
An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.
OPEC Plus, in Symbolic Gesture, to Increase Oil Production

The New York Times – Business:
The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.
Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap

The New York Times – Business:
American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
Loss of Emirates Further Weakens OPEC’s Influence

The New York Times – Business:
The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
Trump’s Latest Oil Blockade Brings Bigger Economic Risks

The New York Times – Business:
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
G7 Countries Hold Off on Releasing Emergency Oil Supplies

The New York Times – Business:
Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
U.S. and Israeli War With Iran Will Likely Send Oil Prices Soaring

The New York Times – Business:
Prices of oil and other commodities are expected to jump when trading resumes on Sunday, but how long they will stay high will depend on what the United States, Israel and Iran do next.
Chevron Points to Venezuela’s Promise as Big Oil Earnings Fall

The two largest U.S. oil companies, Chevron and Exxon Mobil, reported their lowest annual profits in years.
U.S. Refiners to Profit as Trump Asserts Control Over Venezuelan Oil

The companies that turn oil into gasoline and diesel are likely to benefit more, right away, than the businesses that pump oil out of the ground.
Trump’s $100 Billion Venezuela Oil Plan Gets a Cool Reception

President Trump met with oil and gas executives on Friday in an effort to push them to invest money in Venezuela, a plan many of them are reluctant to embrace.