Category: Production

Russia and Saudi Arabia’s Oil Partnership Shows Strain

Analysts said the countries’ mutual need to keep energy prices high would help them maintain close ties, despite signs that Moscow has undercut previous deals.
Gasoline Prices, a Source of Pain Last Year, Have Come Way Down

Reasons include a stronger supply of oil and weaker-than-expected demand, energy experts say. Some people are saving hundreds of dollars on fuel.
Why Some Countries Find It Hard to Move Away From Fossil Fuels

Trinidad and Tobago is the No. 2 exporter of liquefied natural gas in the Americas. Its output has been falling, but it remains committed to fossil fuels.
Exxon and Chevron Report More Modest Profits as Oil Prices Ease

The oil industry enjoyed record profits in 2022 after Russia invaded Ukraine, but the prices of oil and natural gas have fallen sharply in recent months.
Tesla Sales Jumped in the First Quarter

The New York Times – Business:
The electric car company’s decision to slash prices appears to have paid off in reviving demand.
LG Will Spend $5.5 Billion on a Battery Factory in Arizona

The New York Times – Business:
Investment plans for U.S. battery production have increased since President Biden signed a law that offers generous incentives for electric cars and green energy.
Falling Lithium Prices Are Making Electric Cars More Affordable

The New York Times – Business:
An unexpected decline in the price of an essential battery material, along with those of other commodities, is good news for buyers. But experts disagree on how long low prices will last.
Why Russia Has Such a Strong Grip on Europe’s Nuclear Power

The New York Times – Business:
New energy sources to replace oil and natural gas have been easier to find than kicking the dependency on Rosatom, the state-owned nuclear superstore.
Ukraine Needs Shells, and Arms Makers Want Money. Enter the E.U.

The New York Times – Business:
Ukraine is firing artillery shells faster than manufacturers can make them. Brussels is working on a plan to increase production by guaranteeing big advance purchases.
Rivian Lost $6.8 Billion Last Year as Production Fell Short

The New York Times – Business:
The maker of electric trucks said it expected to double production in 2023 as the supply of parts became more reliable.
Lucid Motors Steps Up Production as Supply Chain Problems Ease

The New York Times – Business:
The maker of electric luxury sedans said it made more than 7,000 cars in 2022, achieving a scaled-down target.
Ford Halts Production of F-150 Lightning Electric Truck Over Battery Issue

The New York Times – Business:
The automaker cited a potential problem with the battery pack of the F-150 Lightning but said it was unaware of any incidents “in the field.”