Stellantis CEO says Italy’s hard line on incentives is hurting output
ATESSA, Italy (Reuters) -Italy’s penny-pinching approach to incentives has meant several months of reduced automotive production, the head of Stellantis, the country’s sole major automaker, said on Tuesday. “Stellantis has been asking…
Japan Apr factory output seen posting first fall in 3 months on China lockdown – Reuters poll
TOKYO – Japan’s factory output likely fell in April for the first time in three months as some manufacturers took a hit from strict COVID-19 lockdowns in Shanghai and other industrial centres…
Nigeria finance minister: low oil output barely enough to cover petrol imports
By Dan Burns DAVOS, Switzerland – Low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil and gas revenue, Finance Minister Zainab Ahmed…
Tesla plans to ramp up to pre-lockdown output in Shanghai by Tues-memo
SHANGHAI – Tesla Inc plans to restore production at its Shanghai plant to the level at which it had operated before the city’s COVID-19 lockdown by Tuesday, a day later than its…
Exclusive-Europe aims to revive magnesium output by 2025 to cut China reliance
By Eric Onstad LONDON – EU policymakers have launched a drive to restart domestic output of magnesium, used in aluminium and steel products, with at least three firms working on projects, according…
U.S. manufacturing output rises more than expected in April
WASHINGTON – Production at U.S. factories increased more than expected in April amid continued strong demand for motor vehicles and other goods, which should help to underpin manufacturing activity. Manufacturing output increased…
Russian oil output up 1.7% month on month in May so far, Interfax reports
(Reuters) – Russian oil and gas condensate average output has increased by around 1.7% month on month to 1.4 million tonnes per day (10.25 million barrels per day) in the first half…
China’s April coal output leaps 11% on year, but demand downturn looms
BEIJING – China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensure security of the country’s energy supply,…
China’s April oil refinery output plunges to two-year low as COVID curbs bite
BEIJING – China processed 11% less crude oil in April than a year earlier, with daily throughput falling to the lowest since March 2020 as refiners slashed operations on weaker demand due…
Exclusive-U.S. asked Brazil’s Petrobras if it could raise oil output; it said no -sources
By Gabriel Stargardter, Gram Slattery and Rodrigo Viga Gaier RIO DE JANEIRO – U.S. government officials in March asked Brazil’s state-run oil company Petrobras whether it could increase crude output after Russia’s…
German industrial output falls more than expected in March
BERLIN – German industrial production fell more than expected in March as pandemic restrictions and war in Ukraine disrupted supply chains, making it difficult to fill orders, official data showed on Friday.…
China’s trade seen faltering in April as COVID curbs hit output: Reuters poll
BEIJING – China’s export growth is expected to have slowed to a crawl in April as strict COVID-19 curbs hit production while imports likely extended declines, creating heavy headwinds for the world’s…
Brazil’s industrial output rises in March but down over Q1
BRASILIA – Industrial production in Brazil rose in March, but ended the first quarter with a negative print, highlighting the challenges for the sector amid problems in global chains and a domestic…
Gazprom expects 4% fall in gas output in 2022
(Reuters) – Russia’s Gazprom expects about a 4% fall in gas output this year, Deputy Chief Executive Vitaly Markelov told an inhouse magazine on Thursday, in another sign of the impact of…
Japan’s factory output growth provides some relief for fragile economy
By Daniel Leussink TOKYO -Japanese factories saw output rise for the second straight month in March as strong global demand for high-tech chips helped to ease some doubts that are weighing on…
Newcrest quarterly gold output jumps 10% as Cadia production soars
(Reuters) – Australia’s Newcrest Mining Ltd posted a 10% sequential rise in third-quarter gold output on Thursday, helped by higher mill throughput rates at its Cadia mine and the addition of the…
Exclusive-Soelect, Lotte Chemical aim to scale up U.S. output of battery components
By Paul Lienert (Reuters) – Battery startup Soelect and Korean supplier Lotte Chemical said on Tuesday they intend to invest more than $200 million in a joint venture to make advanced battery…
Industrial output in Shanghai falls for first time in 2 years
BEIJING -Industrial output in Shanghai, China’s most populous city, slumped in March, the first monthly decline in two years, after stringent lockdown measures halted production in some factories, a city official said…
Australia’s Whitehaven Coal output falls on labour crunch
(Reuters) – Australia’s Whitehaven Coal Ltd reported a 5% drop in third-quarter production on Wednesday as adverse weather and a labour shortage worsened by COVID-19 dented output. The country’s largest independent coal…
U.S. oil drilling, output moving higher with energy prices
By Liz Hampton (Reuters) – U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry…
EU sanctions on Russian rubber to hit Nokian Tyres output
HELSINKI – Finnish tyre maker Nokian Tyres said on Monday new sanctions imposed by the European Union (EU) on Russia will have a significant impact on its production. The sanctions, announced on…
Airbus Q1 deliveries climb 13%, details output plans
By Tim Hepher PARIS – European planemaker Airbus delivered between 140 and 142 aircraft in the first quarter, up almost 13% from the same period last year, industry sources said on Wednesday.…
S.Korea factory growth slows in March as output, export orders shrink – PMI
SEOUL – South Korea’s factory activity slowed in March, as the economic fallout from the Ukraine war added strains to firms already struggling with supply chain disruptions and inflationary pressures, a private-sector…
Chile’s February copper production down 7%, manufacturing output dips
SANTIAGO – Copper output in Chile, the world’s largest producer of the metal, fell 7% year on year to 399,817 tonnes in February, the country’s statistics agency said on Thursday. This follows…
Japan’s Feb factory output rises for first time in three months
By Daniel Leussink TOKYO – Japanese factories posted their first rise in output in three months in February as resilience in global demand led to a rebound in car production, a welcome…
U.S. manufacturing output beats expectations in February
WASHINGTON – Production at U.S. factories accelerated in February, shrugging off a continued slump in motor vehicle output, pointing to sustained strength in manufacturing amid a healthy demand for goods even as…
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