But the companies and other large oil producers are continuing to increase production because drilling still remains profitable.
Category: Production
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Ford’s Profit Jumps on Strong Sales but Company Lowers its Outlook
Ford said a fire at an aluminum factory will lower profits in the last three months of the year. The company also said it has stopped making an electric version of its popular F-150 pickup.
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Oil Prices Dropped 19%, Helping Drivers, but Squeezing the Industry
Oil prices have fallen sharply this year as global supply remains strong and demand has been slow to grow.
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G.M.’s Profit Falls on Tariffs and E.V. Costs
The automaker’s shares jumped as investors focused on an upgraded forecast for some financial measures, as well as a lower-than-expected bill for tariffs this year.
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Boeing Is Allowed to Increase 737 Max Plane Production, FAA Says
The Federal Aviation Administration raised a production limit that the regulator had imposed after a door panel blew off a plane during a flight last year.
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Oil Producers Announce New Increase in Production
In a show of confidence in the market, the group, led by Saudi Arabia, said it would begin unwinding a further set of agreed cuts.
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Chevron’s Boss Says the World Will Need Oil for a ‘Long, Long Time’
Mike Wirth, who has seen many booms and busts over the more than 40 years he has been with the energy giant, said that “when the world stops using oil and gas, we’ll stop looking for it.”
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Trump’s Tariffs Become a Wild Card for Board Game Makers
Trade war uncertainty is forcing board and card game publishers in the United States to make tough decisions, putting the future of the industry in jeopardy.
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Trump Urges the U.K. to Drill More Oil, Criticizing Its Energy Policy
President Trump said the North Sea was a “treasure chest,” but its high taxes were driving away oil producers.
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Boeing Reports Strongest Revenue in Six Years
Although the aerospace company lost money in the second quarter, it built and sold more planes as it recovered from quality crises and a workers strike.
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David Bars Have Had Breakout Success. Can the Protein Craze Last?
The David bar’s breakout success is proof that, in our culture of optimization, one macronutrient is king. But can the protein craze last?