Category: Production

Oil Prices Rise on Talk of Russian Output Cut

The New York Times – Business:
Russia’s deputy prime minister said the country would reduce its oil production by about 5 percent to counter Western sanctions.
Ford Said Sales in January Increased 2%

The New York Times – Business:
The company’s deliveries of electric vehicles more than doubled, compared with the same month a year earlier.
Ford Sales Dipped in 2022, but Electric Vehicle Deliveries Surged

The New York Times – Business:
The company’s production was limited by a global chip shortage but it made big gains in the fastest-growing segment of the auto market.
Elon Musk’s Distraction Is Just One of Tesla’s Problems

The New York Times – Business:
The maker of electric cars faces sharp competition, plummeting shares and production woes while its chief executive is preoccupied with Twitter.
Oil Prices Slide as Investors Worry Energy Demand Is Slowing

The New York Times – Business:
The U.S. benchmark oil price fell below $80 a barrel on Friday, and gasoline prices in some states are now close to $3 a gallon.
Rivian Lost $1.7 Billion in the Third Quarter

The New York Times – Business:
The electric truck maker said it had enough cash to fund its operations through 2025.
Lucid Said It Will Raise Up to $1.5 Billion in Capital

The New York Times – Business:
The electric carmaker made the announcement on the same day it reported losing $670 million in the third quarter.
US Extends Enforcement of Sanctions on Russian Oil Deliveries to January

The New York Times – Business:
No decision has been made on the price of the oil cap, which will take effect in five weeks.
Exxon and Chevron Rack Up Giant Profits

The New York Times – Business:
Exxon Mobil and Chevron reported another round of strong profits. But they face political fire over gasoline prices, even as they fear a new downturn.
Saudis Find Sympathetic U.S. Ears at ‘Davos in the Desert’

The New York Times – Business:
A Saudi decision to support a cut in oil output infuriated Washington. But at an investment conference in Riyadh, there was plenty of praise for the kingdom.
Exxon and Chevron Rack Up Giant Profits

The New York Times – Business:
A fourth straight quarter of robust results came on the back of high oil and natural gas prices.
Ford Lost Money in the Third Quarter as Costs Surged

The New York Times – Business:
The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.