Saudi Arabia to Extend Oil Production Cut by a Month
Posted inChina Economic Conditions and Trends Embargoes and Sanctions International Trade and World Market Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Production Russia Russian Invasion of Ukraine (2022) Saudi Arabia Stockpiling United States

Saudi Arabia to Extend Oil Production Cut by a Month

The kingdom said its move to reduce oil production by one million barrels a day would continue through September.
Tesla’s Profit Rose in the Second Quarter After Big Price Cuts
Posted inBatteries BYD Co Ltd China Company Reports Discount Selling Electric and Hybrid Vehicles Europe Ford Motor Co General Motors Musk, Elon Prices (Fares, Fees and Rates) Production Rivian Automotive LLC Scaringe, R J Shanghai Automotive Industry Corp Sports Utility Vehicles and Light Trucks Tesla Motors Inc United States

Tesla’s Profit Rose in the Second Quarter After Big Price Cuts

Elon Musk’s electric car company is facing intensifying competition from newer Chinese automakers and established Western car companies.