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…
Output slows at Stellantis plant in Italy as workers strike over conditions
By Giulio Piovaccari MILAN (Reuters) – Vehicle production has been slowed at a Stellantis plant in southern Italy in the past few days due to strikes by employees protesting over working conditions,…
Record U.S. crude exports, rising shale output boosts oil flow to Houston
By Arathy Somasekhar HOUSTON (Reuters) – Oil pipelines from the top U.S. shale field to Houston that have run half empty are filling again as rising output has absorbed most of the…
Exclusive-Chevron aims to boost Venezuela oil output to accelerate debt recovery -sources
By Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS (Reuters) – Chevron Corp’s renewed oil operations in Venezuela begin a new phase next month that will boost production with the goal of accelerating a…
Italy industry output falls unexpectedly in March
ROME, May 10 (Reuters) – Italian industrial output was weaker than expected in March, falling 0.6% from February to register a third consecutive month of contraction, data showed on Wednesday. A Reuters…
Tesla says its Texas factory hits output of 5,000 Model Ys per week
BERKELEY, California (Reuters) – Tesla said on Tuesday that its Texas factory achieved production of 5,000 Model Y vehicles per week, meaning that it would be able to produce about 260,000 of…
UK construction output rises in April, house-building drag intensifies -PMI
By Suban Abdulla LONDON (Reuters) – Activity in Britain’s construction sector increased in April but growth was lopsided, with residential house-building suffering its steepest decline since May 2020, weighed down by weaker…
Albemarle agrees $1.5 billion plan to double Australian lithium hydroxide output
MELBOURNE (Reuters) -Albemarle has agreed to double the capacity at its lithium hydroxide processing operations in Western Australia to 100,000 tonnes by 2026 and spend around $1.5 billion to build two more…
German manufacturing contracts in April but output ticks up -PMI
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in almost three years in April, although firms increased output slightly as their supply chain problems eased, a survey showed on…
Chevron could raise oil output in Venezuela by 50%, CEO says
By Sabrina Valle and Marianna Parraga HOUSTON (Reuters) – U.S. oil producer Chevron Corp could raise its production in Venezuela this year by up to 50%, to 150,000 barrels of oil per…
India March infrastructure output grows 3.6%, a five-month low
NEW DELHI (Reuters) – India’s infrastructure output expanded 3.6% year-on-year in March, its slowest pace in five months, in part dragged by a contraction in electricity and cement output, government data showed…
Toyota edges past 9.1 million vehicle output goal, warns chip shortage lingering
TOKYO (Reuters) – Japan’s Toyota Motor Corp set a global annual output record in the business year ended in March, just edging past its target of 9.1 million vehicles as factory disruption…
Lower output, high costs to pressure Newmont, Barrick earnings
By Arunima Kumar (Reuters) – North American gold miners Newmont Corp and Barrick Gold Corp are expected to post lower quarterly profits as a fall in production and higher costs offset gains…
Brazil’s industrial output down for 3rd month in a row in February
SAO PAULO (Reuters) – Industrial production in Brazil fell for the third consecutive month in February, government statistics agency IBGE said on Wednesday, with the sector still below pre-pandemic levels as it…
China’s March industrial output rises 3.9%; retail sales up 10.6%
BEIJING (Reuters) – China’s industrial output rose 3.9% in March year-on-year, official data showed on Tuesday, accelerating from a 2.4% increase in the first two months but missing expectations slightly amid a…
Euro zone industrial output stronger than expected in Feb
BRUSSELS (Reuters) – Euro zone industrial output was stronger than expected in February, data showed on Thursday, mainly thanks to a rise in production of capital and non-durable consumer goods. The European…
India’s industrial output rose 5.6% y/y in February
NEW DELHI (Reuters) – India’s annual industrial output rose 5.6% in February from a year earlier helped by growth in manufacturing and electricity generation, data from the Ministry of Statistics showed on…
Boeing plans to boost 737 jet output – Bloomberg News
(Reuters) – Boeing Co is planning to increase the output of its 737 jets to 38 planes a month by the middle of the year, Bloomberg News reported on Thursday, citing people…
Airbus CEO – new China assembly plant boosts output goals
(removes extraneous words from headline) BEIJING/PARIS (Reuters) – Plans for a new Airbus assembly line in China, announced during a visit to Beijing by French President Emmanuel Macron on Thursday, will bolster…
US energy stocks join European peers’ rally after surprise oil output cut
(Reuters) – U.S. energy stocks hit an over one-month high on Monday, following a rally in European peers as crude prices rose more than 6% following a surprise announcement by Saudi Arabia…
US sees OPEC+ output cuts as unadvisable
(Reuters) – The Biden administration said the surprise oil output cuts announced on Sunday by Saudi Arabia and other OPEC+ countries were not advisable. “We don’t think cuts are advisable at this…
Thai Feb factory output down 2.71% y/y, slightly better than forecast
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in February dropped by 2.71% from a year earlier, as slowing global demand hurt exports, the industry ministry said on Wednesday. The figure compared…
Analysis-Iraq’s ambition to match Saudi oil output is out of reach
By Rowena Edwards, Maha El Dahan and Ahmed Rasheed LONDON (Reuters) – Iraq’s oil output and capacity may peak following growth of around 25% over the next five years, analysts said, falling…
Spain’s drought devastates olive oil output, drives world prices up
MADRID (Reuters) – Drought in Spain, the world’s largest olive oil producer, is likely to halve the country’s output this year compared with the previous year, official estimates from the European Commission…
El Nino seen boosting U.S. cotton output after worst drought in years
By Ashitha Shivaprasad (Reuters) – The El Nino weather pattern could boost yields in the second half of the year for U.S. cotton farmers, who were forced to abandon a big chunk…
China’s CATL to start mass output of M3P batteries this year
SHANGHAI (Reuters) -Chinese battery giant CATL plans to start this year the mass production and delivery of batteries based on a new materials technology, M3P, which will perform better and cost less…
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