Category: Production

Oil Firms Say Venezuela Owes Them Billions, Complicating Trump’s Plan

Companies like Exxon Mobil and ConocoPhillips say that Venezuela owes them billions of dollars for confiscating their assets two decades ago.
How Venezuela’s Oil Could Shake Up the World Supply

The country could, eventually, attract investment and re-emerge as a force in the oil markets, but many analysts are concerned about an oversupply.
Chevron’s Risky Bet to Stay in Venezuela May Now Give It an Advantage

The second-largest U.S. oil company, which kept pumping oil in the country after others left, could find it relatively easy to expand its operations if the political conditions there improve.
A Seized Oil Tanker and the Big Business of Dark Fleet Smuggling

The U.S. seizure of a vessel off Venezuela is likely to squeeze the country’s government, but do little to counter the tankers that secretively move oil from sanctioned countries.
The Luxury Electric Vehicle Is in Trouble

Sales of expensive battery-powered cars like the Ford F-150 Lightning have stalled, forcing automakers to slow production and offer more affordable vehicles.
The Workers Left Out of Trump’s Drug-Manufacturing Renaissance

President Trump wants pharmaceutical production to return to the United States. A shuttered factory in Louisiana shows how hard that will be for generic medicines.
Exxon’s and Chevron’s Profits Fall as Oil Prices Stay Low

But the companies and other large oil producers are continuing to increase production because drilling still remains profitable.
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.
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.
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.
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.
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.